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MoneyGram Launches MGUSD Dollar Stablecoin on Stellar Blockchain on June 2

GateNews
Project ProgressPartnerships & Ecosystem
XLM-9.77%
According to CoinDesk, MoneyGram launched the MGUSD dollar stablecoin on the Stellar blockchain on June 2. The stablecoin will be embedded in MoneyGram's official app, enabling users to hold U.S. dollar balances in self-custodied wallets and send cross-border transfers through its global network. MGUSD is issued by Stripe's Bridge, with M0 providing smart contracts and Fireblocks offering wallet infrastructure. The product launched first in the U.S. and will be rolled out globally to MoneyGram's 60 million users and nearly 500,000 offline locations.
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