MoneyGram launched its own U.S. dollar stablecoin, MGUSD, as the payments giant deepens its push into blockchain-based global money movement.
Initial U.S. Launch
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The stablecoin MGUSD will launch on the Stellar (CRYPTO: XLM) blockchain and will power a growing suite of digital financial services across MoneyGram's global payments infrastructure.
The initial launch will be in the U.S. market before it expands globally through the company's digital and retail payments network.
