MoneyGram announced the launch of MGUSD, a native U.S. dollar stablecoin designed to power services across its global payments network. The release says MGUSD launches on Stellar with support from Bridge, M0 and Fireblocks.
The rollout affects U.S. MoneyGram app users first, with plans to scale globally. MGUSD will be integrated into a self-custodial wallet in the app, giving customers a stable dollar-denominated balance they can hold, move globally and convert into local currency.
The next point to watch is global expansion and customer usage inside MoneyGram’s network. The company said it serves over 60 million active customers and nearly 500,000 retail locations, making app integration and cross-border transfer adoption the practical signals after launch.
Source: MoneyGram.
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
