MoneyGram rolled out its proprietary U.S. dollar stablecoin, MGUSD, on the Stellar blockchain on June 2, 2026, marking a significant expansion for the crypto‑focused payment network.
Stellar‑Based Infrastructure for MGUSD
Bridge, a Stripe subsidiary, serves as the regulated issuer under the GENIUS Act framework, while M0 executes the minting and burning of the token’s smart contracts. Fireblocks supplies custodial services, and MoneyGram distributes MGUSD into self‑custodial wallets embedded within its mobile application.
MGUSD launched initially in the United States, with a worldwide rollout slated for later in the year. The deployment builds on a Stellar partnership that began in 2021, when MoneyGram first trialed stablecoin transfers using Circle’s USDC before shifting to its own token.
Stellar Network Activity in the First Half of 2026
During the first six months, Stellar attracted several prominent payment and clearing firms, resulting in on‑chain metrics that emphasize genuine usage over speculative trading. The network’s transaction volume rose steadily, reflecting heightened interest from investors seeking blockchain‑based settlement solutions.
By mid‑June, XLM traded around $0.20, lingering in a narrow price band despite the surge in enterprise adoption. The stable price underscores a disconnect between network activity and market valuation, a pattern that persists across many crypto assets.
Implications for XLM Price and Investor Outlook
MoneyGram’s entry brings over 60 million active customers and roughly 500 000 retail locations into the Stellar ecosystem, with more than 70 % of its transactions already conducted digitally. This extensive distribution network could pressure XLM’s market dynamics if investors translate user growth into price appreciation.
Analysts suggest