Moneygram Introduces Self-Custodial Dollar Stablecoin on Stellar Blockchain

Moneygram has made a significant move in the digital payments space by launching MGUSD, a self-custodial dollar stablecoin built on the Stellar blockchain. This new initiative provides its 60 million customers with access to digital USD across nearly 500,000 global retail locations, making it easier for people to send and receive money globally.

The launch of MGUSD deepens the partnership between Moneygram and the Stellar Development Foundation, which stretches back over five years. The two companies have been working together to expand financial access to millions of families and communities who need it most.