MoneyGram Launches MGUSD Stablecoin for Remittance Network

Cointelegraph Staff

(01:27 PM UTC)

1 min read

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…

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