MoneyGram Launches MGUSD, a Stablecoin to Power Its Own Global Network
PR Newswire
MoneyGram announced the launch of MGUSD, a U.S. dollar stablecoin. MGUSD will serve as the connective tissue powering sending money across borders and underserved by traditional finance. Partnerships include: Bridge (a Stripe company) is the regulated, GENIUS Act-ready issuer. MGUSD tokens are minted/burned using M0's smart contract infrastructure and deployed on the Stellar blockchain. MoneyGram holds MGUSD in Fireblocks wallets, which are used to send to customer wallets embedded in the MoneyGram app.
