MoneyGram | Crypto

MoneyGram launched MGUSD, a dollar stablecoin on Stellar, as the remittance company deepens its push into blockchain-based global payments. MoneyGram launched MGUSD, a US dollar stablecoin on Stellar, as the remittance company deepens its push into blockchain-based cross-border payments. The company said Tuesday that MGUSD will be integrated into the MoneyGram app through a self-custodial wallet, allowing users to hold dollar-denominated balances, move funds globally and convert into local currencies. The stablecoin initially launched in the US market, with plans to scale worldwide.  MGUSD is backed by a notable infrastructure stack. The tokens are issued by Bridge, Stripe’s stablecoin platform, which received conditional approval from the US Office of the Comptroller of the Currency to operate as a federally chartered national trust bank in February.  Read more

The remittance company partnered with Stripe-incubated blockchain Tempo to support stablecoin settlement and help validate transactions across its global payments network. MoneyGram partnered with payments-focused blockchain Tempo to support stablecoin settlement and help validate remittance transactions on the network, as remittance companies increasingly adopt blockchain technology for cross-border transfers. The companies said Stripe plans to settle transactions to MoneyGram using Tempo’s infrastructure as part of efforts to move treasury and payment flows onto stablecoin rails. Tempo is a Layer 1 blockchain incubated by Stripe and Paradigm that focuses on stablecoin transfers and cross-border payments. In April, Visa became an early validator on Tempo, alongside companies including Stripe and Zodia Custody. Read more

Payward and Kraken co-CEO Arjun Sethi says the exchange is “80% ready” to go public, as a new partnership with MoneyGram aims to expand access to digital assets by solving last-mile cash conversion.

The partnership enabling conversion of digital assets into cash through MoneyGram’s global network follows a similar move by rival Western Union. Kraken has teamed up with MoneyGram to let users convert crypto into cash for pickup across more than 100 countries, expanding access to off-ramps through its global retail network. According to Tuesday’s announcement, Kraken users will be able to convert digital assets into local currency and collect cash instantly or near-instantly through MoneyGram’s payout network, which supports hundreds of fiat currencies. The service will roll out in phases across regions including the US, Europe, Latin America, Africa and parts of Asia-Pacific, with plans to add bank deposits and cross-border payouts later. Read more

Google Cloud, MoneyGram, Vodafone's Pairpoint, and eToro will run launch-phase nodes on Midnight, a zero-knowledge privacy network targeting a mainnet launch at the end of March 2026. The pitch isn't anonymity, but selective disclosure. It's the ability to prove compliance or settlement eligibility without broadcasting raw customer data onto a public ledger. Midnight describes these […] The post Google Cloud and MoneyGram just signed on to run launch Midnight nodes for new privacy network banks want appeared first on CryptoSlate.