MoneyGram Unveils MGUSD Stablecoin on Stellar to Serve 60M Users

- MoneyGram launches MGUSD stablecoin on Stellar with cash-in/cash-out via 500,000 global locations - Rollout aims to expand digital dollar access and financial inclusion for unbanked users 2026-06-02 On June 2, 2026, CoinDesk reported that MoneyGram debuted MGUSD, a USD-pegged stablecoin built on the Stellar blockchain, as the company aims to provide digital dollar access to its 60 million users. MGUSD is now live for US app customers, and MoneyGram plans a global rollout that leverages its network of 500,000 agent locations for both cash and digital transactions. As a result, users will be able to convert between cash and MGUSD, extending stablecoin utility beyond digital-only platforms. According to CoinDesk on June 2, 2026, MGUSD’s launch involves partnerships with Bridge, which Stripe acquired in 2025, as the issuer, M0 for smart contract design, and Fireblocks for wallet integration. The stablecoin is designed to support near-instant, low-cost, 24/7 settlement for cross-border remittances, and it targets improved financial access for underserved and unbanked communities. This marks a significant step as established payment providers move further into blockchain adoption. CoinDesk further reported on June 2, 2026, that MoneyGram joins SoFi, PayPal, and Western Union in entering the stablecoin market, while real-world blockchain payments continue to gain traction. Citi has forecast that stablecoins could grow from $300 billion to $4 trillion by 2030, underscoring the scale of the opportunity that large payment firms are pursuing. According to CoinDesk on June 2, 2026, the Stellar Development Foundation described MGUSD’s rollout as a milestone for practical blockchain payments, as MoneyGram brings physical retail reach to digital assets. This launch therefore signals MoneyGram’s commitment to innovating cross-border payments by blending the company’s global network with the speed and efficiency of Stellar-based stablecoins.