MoneyGram launches MGUSD, a USD-backed stablecoin designed to support payments and related financial services across its global network. Multiple outlets report the stablecoin is issued on the Stellar blockchain and is intended to help extend MoneyGram’s payment reach, particularly for customers who want to move money but may have limited access to traditional financial services.
Reports also agree that MoneyGram’s ecosystem partners include Bridge, described as a Stripe company, which supports issuance of MGUSD. The announcements further cite technology and custody/payment infrastructure support from Fireblocks, with additional mention of M0. CoinDesk and other outlets frame the launch as part of a broader industry shift toward stablecoins for cross-border digital dollar payments, while PYMNTS emphasizes usability for people who need money movement rather than for crypto-native users.
MoneyGram says MGUSD will serve as a foundational asset for a growing set of services across its network. The launch is dated June 2, 2026, and the stablecoin is positioned as the first step in expanding MoneyGram’s blockchain-based payments infrastructure.
