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Guavy AI Editorial Team••Sentiment: 2•Clout: 40

MoneyGram Launches Stablecoin on Stellar Blockchain

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Financial services company MoneyGram has entered the stablecoin market with the launch of MGUSD, a U.S. dollar-backed digital currency built on the Stellar blockchain.

The stablecoin is designed to enable faster and more efficient cross-border payments across MoneyGram's global network.

Initially available in the United States, MGUSD will expand internationally throughout the year.