MoneyGram Launches MGUSD Stablecoin on Stellar Network on June 2

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According to Coin Bureau, MoneyGram launched MGUSD, a U.S. dollar-backed stablecoin on the Stellar network, today (June 2). The token enables users to hold and transfer digital dollars directly through the MoneyGram app, removing delays inherent in traditional banking systems. MoneyGram serves over 60 million customers across nearly 500,000 locations globally. The company plans to first roll out MGUSD in the United States before expanding to other markets.
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