MoneyGram Launches MGUSD Stablecoin on Stellar to Strengthen Cross-Border Payments

MoneyGram is modernizing the infrastructure behind its global remittance network with blockchain technology, seeking to make cross-border transfers faster and less expensive without forcing customers to navigate crypto products. Chief Executive Anthony Soohoo said the technology works best when it fades into the background, improving settlement and the user experience while preserving the familiar process of sending and receiving money.

Soohoo said MoneyGram is expanding its work with blockchain networks including Stellar and Solana as it builds out digital payment capabilities. The company also plans to use its MGUSD stablecoin to broaden its financial product lineup, extending its blockchain strategy beyond remittance rails. The approach is designed to deliver lower-cost, quicker transfers while keeping the underlying technology largely invisible to users.

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 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.