MoneyGram CEO Sees Invisible Blockchain Powering Cross-Border Payments

MoneyGram has operated in cross-border remittances for more than 80 years, serving more than 60 million active customers through nearly 500,000 locations across about 200 countries. Pegged to the U.S. dollar, MGUSD builds on MoneyGram’s partnership of about five years with Stellar. It allows users to hold dollar-denominated balances in the app while connecting them with cash deposits, withdrawals and local-currency conversion, strengthening the company’s position in digital remittances.

MoneyGram announced MGUSD at Money20/20 Europe on June 2, 2026, initially launching it in the U.S. market. A timeline for global expansion has not been disclosed. The stablecoin is issued by Stripe-owned Bridge, with M0 providing minting and burning technology and Fireblocks supporting the wallet. It is deployed on Stellar and integrated into the self-custodial wallet in the MoneyGram App.

MoneyGram is a major global cross-border money-transfer provider and has expanded into digital-asset settlement in recent years through Stellar and USDC. Tempo, a Layer 1 payments blockchain incubated by Stripe and Paradigm, is designed for stablecoin transactions and enterprise payments. The partnership could help reduce friction in cross-border settlement across traditional remittance networks.

MoneyGram recently announced that it had joined Tempo as a remittance validator, further integrating blockchain and stablecoin settlement into its global money-transfer network. As of July 20, 2026, the companies had not disclosed the value of the partnership, a formal launch date or the number of markets to be covered. The agreement extends MoneyGram’s digital-payments strategy built around USDC and Stellar.