MoneyGram Launches Cash‑to‑Crypto on Solana; reUSD Goes Live

MoneyGram Launches Cash‑to‑Crypto on Solana; reUSD Goes Live
Table of Contents

TL;DR

  • MoneyGram integrated its cash-to-crypto service on Solana through Ramps, offering support in more than 170 countries.
  • Rift, an AI-powered trading platform, became the first Solana wallet to integrate MoneyGram’s ramp service.
  • reUSD officially launched on Solana with a bridge from Ethereum via Chainlink CCIP and active markets on Kamino and Jupiter Lend.

MoneyGram integrated its on- and off-ramp service on Solana, allowing users on the network to move between digital assets and physical cash through the company’s global payments network. The company, with more than 85 years of history and nearly 500,000 physical points of sale worldwide, aims to continue strengthening its presence in the blockchain ecosystem.

The core product of the expansion is MoneyGram Ramps, an API that allows any application to connect to the company’s payments network without needing to build its own banking infrastructure or manage complex regulations. The service supports cash deposits in more than 25 countries and withdrawals in more than 170 countries and territories. In addition, the tool was integrated directly into the Solana Developer Platform payments module, which will facilitate its adoption by developers.

MoneyGram: The Importance of Accessibility

Lily Liu, president of the Solana Foundation, highlighted that the integration makes it possible to build financial applications with real utility at a global scale. For his part, Anthony Soohoo, chief executive officer of MoneyGram, stated that the future of payments is built on accessibility and that every new platform connected expands the network’s reach.

The first Solana wallet to adopt the service was Rift, an artificial intelligence trading platform that provides access to stocks, commodities, cryptocurrencies and currencies.

MoneyGram

reUSD Arrives on Solana

On the other hand, reUSD, the stablecoin issued by Re, officially launched on Solana with a bridge from the Ethereum mainnet via Chainlink CCIP. Markets are already active on the Kamino and Jupiter Lend protocols.

The asset is backed by an underwriting portfolio of $510.5 million distributed across low-risk lines in 49 U.S. states, with reduced catastrophe exposure. Its value derives from regulated reinsurance activity and not from crypto market forces, making it a low-correlation asset within the broader DeFi ecosystem.

The Solana network records approximately $3.7 billion in tokenized real-world assets, positioning itself as the third most relevant blockchain in that market.

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