💵 MoneyGram Launches MGUSD: Its Native Stablecoin on Stellar @MoneyGram International has officially launched MGUSD, a stablecoin backed 1:1 by U.S. dollars and natively deployed on the @StellarOrg blockchain. The rollout begins with MoneyGram app users in the United States, with plans for global expansion in the coming weeks. Key Features: - Backing: Fully backed by U.S. dollars and cash equivalents. - Infrastructure: Issued with technical support from Bridge (a Stripe company), M0, and Fireblocks. - Wallet: Integrated into a self-custodial wallet within the MoneyGram app. - Utility: Users can hold digital dollar balances, send instant international transfers, and easily convert to local currency at over 500,000 physical locations. MoneyGram serves more than 60 million active customers across 200+ countries, making MGUSD a critical tool for remittances and cross-border payments. In summary: MoneyGram has launched MGUSD, its native Stellar stablecoin, to provide millions of users with accessible digital dollar balances, fast transfers, and simple cash conversion. This launch marks a significant step in integrating stablecoins into traditional remittance services and reinforces Stellar’s role as infrastructure for global payments. Functionality is now available to users in the United States and will expand progressively worldwide. ⚠️ Important Disclaimer: This information is based on MoneyGram’s official announcement and does not constitute investment advice. Always conduct your own research before making any decisions.