MoneyGram Becomes Active Validator on Solana Blockchain

MoneyGram has become an active validator on the Solana blockchain as part of its ongoing efforts to develop stablecoin-based financial infrastructure. The company's role allows it to stake SOL, process transaction blocks, and support network security directly.

The move supports MoneyGram's strategy for faster and simpler global money movement, according to CEO Anthony Soohoo. He emphasized the importance of institutions supporting blockchain network security and development.

MoneyGram has been working with Solana since its entry into the ecosystem through the Solana Developer Platform, where it joins other early participants like Mastercard in designing compliant financial products using blockchain tools.