💵 MoneyGram launches MGUSD: its native stablecoin on Stellar for global remittances MoneyGram International, one of the world’s largest remittance providers, officially launched MGUSD, its USD-backed stablecoin deployed natively on the Stellar blockchain. Announced on June 2, 2026, the move represents a strategic step in integrating blockchain technology into cross-border payments and remittances. Key features of MGUSD Backing: Fully collateralized by U.S. dollars and cash equivalents Issuer: Bridge (a Stripe company), with infrastructure managed by M0 Network: Native on Stellar (XLM), chosen for low-cost cross-border payments Custody: Tokens held by MoneyGram in Fireblocks wallets Utility: Digital USD balances in the MoneyGram app, instant transfers, cash conversion at over 500,000 physical locations, and remittances for more than 60 million customers across 200 countries Anthony Soohoo, Chairman and CEO of MoneyGram, emphasized: “MGUSD represents the next chapter in our long-term partnership with Stellar. It is the result of five years of real stablecoin work, focused on everyday users sending remittances.” Why it matters The integration deepens the longstanding MoneyGram-Stellar partnership, positioning MGUSD as a bridge between traditional finance and the digital world. It also reflects the growing trend of major payment companies adopting stablecoins to reduce costs and accelerate settlements. Summary MGUSD aims to provide millions of users with faster, cheaper transfers, digital dollar balances, and improved accessibility for international remittances, reinforcing Stellar’s role as a key infrastructure for global payments. ⚠️ Disclaimer: This content is based on MoneyGram’s official announcement and is for informational purposes only. It should not be considered financial, legal, or investment advice. Always conduct your own research before making decisions involving cryptocurrencies or digital assets.