Overview
- MoneyGram publicly launched MGUSD on Tuesday, June 2, 2026, with an initial rollout in the United States and plans to expand the offering to international markets.
- Bridge, a Stripe company, will act as the regulated issuer, M0 built the minting and burning smart contracts, and Fireblocks provides custody while MGUSD is deployed on the Stellar blockchain.
- MGUSD is embedded in the MoneyGram mobile app as a self‑custodial dollar balance that users can hold, send across MoneyGram’s rails, and convert to local currency where supported.
- The launch follows a yearlong rework of MoneyGram’s issuance, orchestration, and settlement systems so a digital dollar can move through its network like cash, leveraging the company’s scale of over 60 million customers and nearly 500,000 retail locations.
- The product positions MoneyGram with a regulatory‑ready stablecoin option in a wider industry shift toward digital‑dollar rails that could cut costs and speed remittances for underbanked users and people in countries with currency instability.