MoneyGram announced Tuesday, June 2, 2026, the launch of MGUSD, a stablecoin pegged 1:1 to the U.S. dollar [1], [2].
The move integrates blockchain technology into a traditional remittance network, potentially reducing the friction and cost of moving money across borders for millions of users.
Built on the Stellar blockchain [2], [3], MGUSD is issued by Stripe's Bridge [4]. The company intends to use the digital asset to power its own network, focusing on cross-border payments and treasury management [1], [5].
MoneyGram has approximately 60 million customers who could potentially utilize the stablecoin [1]. While the company aims for global network integration, initial availability varies by report. Some data indicates the stablecoin will be available to U.S. customers via the MoneyGram app [3], while other reports suggest an initial focus on treasury management [1].
The company said the stablecoin is designed to increase financial access for underserved users [1], [5]. By leveraging the Stellar network, MoneyGram seeks to modernize how it handles digital dollar payments, and manages its internal liquidity [3], [6].
“MGUSD is pegged 1:1 to the U.S. dollar”
The entry of a major remittance player like MoneyGram into the stablecoin market signals a shift from speculative crypto use toward practical utility in global finance. By partnering with Stripe's Bridge and Stellar, MoneyGram is attempting to bypass traditional banking delays, potentially creating a faster, more scalable infrastructure for the 60 million people already using its services.
