All TradFi wants its stablecoin. MoneyGram has long been a pioneer in the field of digital money transfers. A position that pushed him to get closer to the blockchain network of Stellar (XLM), in particular September 2025, for offer Circle’s USDC stablecoin for its clients’ cross-border transactions. The company today announced the launch of its own cryptocurrency pegged to the US dollar, under the name MGUSD.
The key points of this article:
MoneyGram has launched its own stablecoin, MGUSD, on the Stellar (XLM) blockchain network. This initiative strengthens its position in the modernized digital payments sector, with infrastructure supporting more than 60 million customers.
MoneyGram launches its dollar stablecoin, MGUSD
The sector of stablecoins is in in full swingand traditional finance players are determined not to miss the train. Even recently, Western Union had announced its own project with the stablecoin USDPT on Solana (SOL). But this time, it’s its big competitor MoneyGram which now intends to actively participate in this race for stablecoins. In a press release published on June 2, 2026, MoneyGram therefore announces the launch of its own US dollar stablecoin, the MGUSD. The latter is issued via Bridgethe stablecoin solution of Stripeon the public blockchain network of Stellar (XLM). The operation relies on the blockchain infrastructure specialist M0in charge of smart contracts used to mint (create) mint and redeem the token, and on Fireblockswallet infrastructure provider, for the management part.
“(…) Starting from our distribution platform, we use stablecoins as a basis to build the applications of tomorrow on our global network. MGUSD is the stablecoin we created for our customers, for families sending money home (remittances), and for the billions of people around the world who have limited access to financial services. »
Anthony Soohoo, President and CEO of MoneyGram
Stellar (XLM) serving modernized digital payments on blockchain
This new stablecoin of the greenback will be integrated into the application of MoneyGram, to allow customers to hold a dollar-denominated balance in a self-custodial wallet, and transfer funds through the company’s global payments network. The initiative does not come out of nowhere. It extends an already long-standing relationship with the Stellar Development Foundation (SDF), car its collaboration with the XLM network has been going on for five years on the development of money transfer services backed by stablecoins. Enough to give MoneyGram a certain operational advance facing competitors who are just starting their own experiments.
“Stellar was designed for real-world utility at an institutional scale. Our five-year partnership with MoneyGram demonstrates that stablecoins are well beyond the pilot project stage. Together, we have expanded access to financial services for millions of families and communities who need them most. MGUSD is the next major milestone that shows what a purpose-built blockchain can deliver when paired with a trusted and proven payments network. »
Denelle Dixon, CEO and Executive Director, Stellar Development Foundation
MoneyGram wants to make its stablecoin MGUSD a central element of its payment infrastructure. And its global network already serves more than 60 million active customers. And the many benefits of stablecoins and blockchains – speed, low cost, 24/7 availability – should bring many customers wanting to save money on their international transfers. Especially since the issue of stablecoins is not anecdotal: according to analysts at Citi bank, this specific area within the cryptocurrency market could reach $1.9 trillion by 2030on his own.