MoneyGram Joins Solana as Validator, Expands Blockchain Operations

MoneyGram has joined the Solana blockchain as a validator, expanding its role beyond remittances to participate in network security and transaction processing.

This move follows the launch of MoneyGram's US dollar stablecoin, MGUSD, on the Stellar network in May. The company aims to support users holding digital dollar balances for international remittances and conversions into local currencies within the MoneyGram app.

As a validator, MoneyGram will stake SOL (Solana) and process transaction blocks. It has also joined Solana's developer platform.