MoneyGram Unveils MGUSD Stablecoin to Reach 60M Users Across Global Payments Network

Key Takeaways:

• MoneyGram launches MGUSD, a native U.S. dollar stablecoin on the Stellar blockchain.
• The stablecoin isn’t meant for use as a standalone crypto product, but rather as a means to facilitate MoneyGram’s global payments network.
• In the U.S., MGUSD will roll out initially, and offer digital dollar balances, quicker digital moves and cross-border payments.

MoneyGram has announced today that it has launched MGUSD, its own blockchain-backed U.S. Dollar stable blockchain. The company says the new asset is a core part of its long-term strategy to modernize global money movement and improve financial access for millions of users worldwide.

Introducing MGUSD.
MoneyGram’s native U.S. dollar stablecoin.

Natively issued on @StellarOrg.
Built with @Stablecoin, @M0 and @FireblocksHQ.
Live in the U.S. today. pic.twitter.com/GWW3XtNrf6

— MoneyGram (@MoneyGram) June 2, 2026

According to MoneyGram, MGUSD is natively issued on the Stellar blockchain and serves as the foundation for a growing suite of digital financial services across its network.

MoneyGram expands its relationship with Stellar, which has lasted since 2006. The two organizations have been working on blockchain-based payment solutions for several years, and MGUSD is the next step forward in their partnership.

In contrast to several other stablecoin projects that specialize in trading or decentralized finance, MGUSD is made to be utilized for real-world payment uses. The stablecoin will be embedded directly into the MoneyGram app, enabling self-custodial wallets for digital dollars that the company says will be adopted by everyone.

Stablecoin is currently deployed in the USA and will be rolled out throughout the world in future phases.

The project was created in collaboration with multiple industry partners. Bridge is Stripe-owned, and M0 is the one supplying the token minting and burning infrastructure. The financial settlement layer is where settling transactions take place and is provided by the company Stellar, while Fireblocks provides the custody technology.

MoneyGram states that MGUSD came about to solve “real-world” issues that customers commonly encounter when they regularly send money overseas.

Users face inflation, currency fluctuations and lack of banking services in many areas. MGUSD intended to give students a secure alternative to the use of a traditional dollar balance that is accessible on-demand.

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The company is not entering the market of cryptocurrencies with MGUSD as a commodity, CEO Anthony Soohoo said.

Instead, MoneyGram believes that the stablecoin is infrastructure that will enable future financial products to become a reality in its payment program. Users will be able to store digital dollars, send them anywhere and swap them into local money if they want to.

Overall, the plan is part of the ongoing trend of payment providers trying to capitalize on stablecoins by lowering settlement expenses and increasing transaction velocity.

MGUSD’s greatest strength is its ability to distribute. MoneyGram has over 60 million active customers and has hundreds of thousands of retail outlets around the world.

Over 70% of all transactions made by the company are digital, providing the stablecoin with instant access to a mass of users. Physical and digital utilities could be vital for sparking broader adoption, beyond the traditional crypto crowd.

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