MoneyGram launched its own U.S. dollar stablecoin, MGUSD, as the payments giant deepens its push into blockchain-based global money movement.

MGUSD, issued by Stripe's Bridge, will power services across MoneyGram's global network as stablecoins gain traction in cross-border payments.

MoneyGram Launches MGUSD, a Stablecoin to Power Its Own Global Network