MoneyGram Launches MGUSD Stablecoin on Stellar for Cross-Border Payments

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The post MoneyGram Launches MGUSD Stablecoin on Stellar for Cross-Border Payments appeared first on Coinpedia Fintech News

MoneyGram has launched MGUSD, a U.S. dollar-backed stablecoin on the Stellar blockchain, for users in the United States. Integrated directly into the MoneyGram app, MGUSD allows customers to hold digital dollar balances and make cross-border transfers. Issued by Bridge with support from M0 and Fireblocks, the stablecoin expands MoneyGram’s long-standing partnership with Stellar. The launch …