Overview
- MoneyGram disclosed Monday that it now operates an active validator on the Solana blockchain, which stakes SOL, processes transaction blocks, and helps secure Solana’s proof-of-stake network.
- The company also joined the Solana Developer Platform, an institutional tooling layer used by firms such as Mastercard to build and scale compliant financial products on Solana.
- Earlier this month MoneyGram launched its MGUSD stablecoin on the Stellar network with Bridge as issuer infrastructure and Fireblocks providing custody, forming the payments side of its strategy.
- The Solana validator expands a wider multi-chain approach in which MoneyGram already runs validator nodes on Tempo and Midnight and intends to support payments across multiple blockchains rather than rely on a single chain.
- MoneyGram framed these moves as long-term infrastructure positioning to give it more control over rails for cross-border transfers, and it did not announce any new Solana-specific consumer payment products.