MoneyGram Launches MGUSD Stablecoin on Stellar Network for Global Payments

Table of Contents MoneyGram has officially launched MGUSD, its native U.S. dollar stablecoin, on the Stellar blockchain. The digital asset is designed to power cross-border payments across the company’s global network. It targets everyday consumers rather than crypto-native users. The launch marks a new chapter in MoneyGram’s push toward blockchain-based financial infrastructure. MGUSD launches today in the U.S. market, with a global rollout planned. The stablecoin will be integrated directly into the MoneyGram app through a self-custodial wallet. Customers can hold a stable, dollar-denominated balance accessible around the clock. This gives users the ability to move funds globally and convert to local currency on their own terms. MGUSD, @MoneyGram's native U.S. dollar stablecoin, is live on the Stellar network. MGUSD is designed to plug seamlessly into MoneyGram's suite of financial services, making cross-border payments easier than ever. Built on Stellar. Built for the world.https://t.co/PzOu97a1IN — Stellar (@StellarOrg) June 2, 2026 The stablecoin is built on a network of specialized partners. Bridge, a Stripe company, serves as the regulated, GENIUS Act-ready issuer. M0 provides the smart contract infrastructure for minting and burning MGUSD tokens. Fireblocks handles wallet custody, with tokens transferred directly to individual customer wallets. MoneyGram CEO Anthony Soohoo framed the launch around the company’s distribution-first approach. “The stablecoin market has largely focused on the asset itself. MoneyGram is taking a fundamentally different approach,” he said. He added that MGUSD was built specifically for families sending money home and people with limited financial access. The company treats the stablecoin as a foundation for future applications across its global network. MoneyGram currently serves over 60 million active customers worldwide. Its network spans nearly 500,000 retail locations, with more than 70% of transactions now digital. As one of the few omnichannel payments networks globally, it bridges cash and mobile access. That existing reach gives MGUSD an immediate distribution advantage at launch. The launch builds on a five-year working relationship between MoneyGram and the Stellar Development Foundation. Stellar CEO Denelle Dixon noted that the partnership proves stablecoins have moved well beyond pilots. “Together, we’ve expanded financial access to millions of families and communities who need it most,” she said. She called MGUSD the next milestone for what purpose-built blockchain can deliver alongside a trusted payments network. Behind the scenes, MoneyGram undertook a major technical overhaul to make MGUSD possible. Chief Product and Technology Officer Luke Tuttle said the company rebuilt its core systems over the past year. “That meant re-architecting issuance, orchestration and settlement,” he explained. The goal was to allow a digital dollar to move through the network as seamlessly as cash. The technical changes are largely invisible to end users by design. Faster transfers and global U.S. dollar holdings are the visible results. Tuttle described everything else as “invisible by design,” reflecting the company’s consumer-first philosophy. The infrastructure layer beneath those features runs entirely on stablecoin rails. In markets with currency instability or limited banking access, MGUSD offers practical utility. Consumers can hold dollar value, avoid local inflation risks, and access funds at any time. That combination makes the stablecoin relevant in regions where traditional financial tools fall short. MoneyGram sees this as the core use case driving its global rollout strategy.