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MoneyGram has chosen $XLM as its on-chain foundation, as the established remittance company officially enters the stablecoin space. $MGUSD is issued by Bridge, custodied by Fireblocks, and settled on Stellar. For $XLM, the key reason is that real-world transaction flows must run on-chain. The stablecoin market is growing increasingly crowded, but MoneyGram holds offline branches and a base of remittance users. The extent to which it can convert its existing user base into on-chain $MGUSD users will determine whether this move delivers a short-term news pulse or sustained growth for $XLM. $BTC $ETH

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