MONEYGRAM LAUNCHES MGUSD STABLECOIN ON STELLAR MoneyGram launched MGUSD, a native U.S. dollar stablecoin built on the Stellar blockchain. The stablecoin will power payments and financial services across MoneyGram’s global network. MGUSD is issued by Bridge, with smart contract infrastructure from M0 and wallet infrastructure from Fireblocks. The token launched first in the U.S. market with plans to scale globally. MoneyGram said MGUSD will be integrated into its app through a self custody wallet. The company serves more than 60 million active customers and nearly 500,000 retail locations. MGUSD moves stablecoin infrastructure deeper into global remittances and consumer payments. Payment companies are now building digital dollar rails directly into existing financial networks.
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