Moneygram Launches MGUSD Stablecoin on Stellar for 60 Million Users
By
Jamie Redman
If you only eat one bagel today, this is the bagel.
Summary
Moneygram has launched MGUSD, a U.S. dollar stablecoin built natively on the Stellar blockchain, giving its 60 million users access to self-custodial digital dollar wallets through the Moneygram app. The stablecoin is issued by Bridge (a Stripe company), uses M0's smart contract infrastructure for minting and burning, and is held in Fireblocks wallets before routing to customer wallets. This enables 60 million users across 500K retail locations globally to hold dollar-denominated balances, send funds around the clock, and convert currencies.
Key quotes
· 4 pulledMoneygram launched MGUSD on June 2, 2026, a U.S. dollar stablecoin built natively on the Stellar blockchain
The stablecoin is issued by Bridge, a Stripe company that the firm describes as GENIUS Act-ready
Minting and burning run through M0's smart contract infrastructure
Customers can hold a dollar-denominated balance, send funds globally around the clock, and convert
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