MoneyGram Launches MGUSD Stablecoin on Stellar to Strengthen 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.
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The history behind this eventMoneyGram Joins Stripe’s Tempo as Validator, Integrating Stablecoin Cross-Border Settlement
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.
MoneyGram and Stellar Mark Five-Year Partnership With Stablecoin Expansion Across Latin America
MoneyGram and the Stellar Development Foundation (SDF) began their partnership in October 2021 and launched a USDC cash-in and cash-out service in June 2022. The service connects the Stellar blockchain with MoneyGram’s physical locations to reduce the cost of cross-border remittances. The two parties have not disclosed how much they invested in the partnership.
Marking the partnership’s fifth anniversary, MoneyGram and SDF announced in July 2026 that they would expand stablecoin use across Latin America, enabling local users to exchange cash and USDC through MoneyGram’s network. The announcement did not specify the number of additional countries, transaction volumes or fees, but focuses on expanding access to cross-border payments and digital dollars.
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