{"id":73443,"date":"2026-06-02T13:26:46","date_gmt":"2026-06-02T13:26:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/60-million-moneygram-users-gain-access-to-a-self-custodial-dollar-via-stellar-stablecoin-bitcoin-news\/"},"modified":"2026-06-02T13:26:46","modified_gmt":"2026-06-02T13:26:46","slug":"60-million-moneygram-users-gain-access-to-a-self-custodial-dollar-via-stellar-stablecoin-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/60-million-moneygram-users-gain-access-to-a-self-custodial-dollar-via-stellar-stablecoin-bitcoin-news\/","title":{"rendered":"60 Million Moneygram Users Gain Access to a Self-Custodial Dollar via Stellar Stablecoin \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Moneygram launched MGUSD on June 2, 2026, a self-custodial dollar stablecoin issued by Bridge (Stripe) on the Stellar blockchain.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">MGUSD gives Moneygram\u2019s 60 million customers 24\/7 access to digital USD across nearly 500,000 global retail locations.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">XLM demand stands to grow as every MGUSD transaction requires Stellar\u2019s native token for fees and account reserves.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>What MGUSD Is and How It Works<\/h2>\n<p>The <span>stablecoin<\/span> is issued by Bridge, a Stripe company that the firm describes as <a href=\"https:\/\/news.bitcoin.com\/circle-urges-occ-to-finalize-strong-genius-act-stablecoin-rules\/\">GENIUS Act<\/a>-ready. Minting and burning run through M0\u2019s <span>smart contract<\/span> infrastructure. Moneygram holds MGUSD in Fireblocks wallets before routing it to customer wallets embedded in the Moneygram app.<\/p>\n<p>Customers can hold a dollar-denominated balance, send funds globally around the clock, and convert to local currency at Moneygram agent locations. The product launches first in the U.S. market, with a global rollout planned.<\/p>\n<h2>Who It Is Built For<\/h2>\n<p>Moneygram Chairman and CEO Anthony Soohoo said the company is taking a different approach from the broader <span>stablecoin<\/span> industry.<\/p>\n<p>\u201cThe <span>stablecoin<\/span> market has largely focused on the asset itself,\u201d Soohoo said. \u201cMoneygram is taking a fundamentally different approach. Starting with our distribution platform, we\u2019re using <span>stablecoin<\/span> as a foundation to build future applications on our global network. MGUSD is the <span>stablecoin<\/span> we built for our customers, for the families sending money home and for the billions of people around the world with limited financial access.\u201d<\/p>\n<p>The company serves over 60 million active customers through nearly 500,000 retail locations, with more than 70% of transactions now digital. It operates across more than 170 countries.<\/p>\n<h2>What This Means for Stellar and <span>XLM<\/span><\/h2>\n<p>MGUSD deepens a partnership between Moneygram and the Stellar Development Foundation that stretches back more than five years. Earlier work included USDC-powered cash-in and out ramps at Moneygram agent locations and <span>stablecoin<\/span> wallet features rolled out in Colombia and El Salvador.<\/p>\n<p>Every MGUSD transaction on Stellar requires <span>XLM<\/span> for transaction fees and minimum account reserves. Higher usage circulates and locks up more <span>XLM<\/span>. Stellar\u2019s built-in <span>decentralized exchange<\/span> ( <span>DEX<\/span>) platform can also route <span>XLM<\/span> as a bridge asset within payment paths.<\/p>\n<p>Stellar Development Foundation CEO Denelle Dixon pointed to the depth of the integration.<\/p>\n<p>\u201cStellar was built for real-world utility at institutional scale,\u201d Dixon said. \u201cOur five-year partnership with Moneygram is proof that <span>stablecoins<\/span> have moved well beyond pilots. Together, we\u2019ve expanded financial access to millions of families and communities who need it most. MGUSD is the next milestone that demonstrates what purpose-built <span>blockchain<\/span> can deliver when paired with a trusted payments network.\u201d<\/p>\n<h2>Infrastructure Behind the Product<\/h2>\n<p>Moneygram Chief Product and Technology Officer Luke Tuttle said the company rebuilt core systems over the past year to support <span>stablecoin<\/span> rails.<\/p>\n<p>\u201cWe rebuilt the core of Moneygram so that a digital dollar could move through it as naturally as cash moves through our agent network,\u201d Tuttle said. \u201cThat meant re-architecting issuance, orchestration and settlement.\u201d<\/p>\n<p>The result ties together cash, mobile, and digital access in a single payments layer. Moneygram describes it as one of the few omnichannel payment networks capable of bridging cash and <span>blockchain<\/span> at scale.<\/p>\n<h2>Market Context<\/h2>\n<p>The MGUSD announcement follows a partnership extension with Stellar in April 2026, covering Latin America <span>stablecoin<\/span> features. It also lands alongside broader institutional momentum on the Stellar network, including tokenized fund activity from established financial firms.<\/p>\n<p>For traders tracking <a href=\"https:\/\/markets.bitcoin.com\/crypto\/XLM\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">XLM<\/a>, the core impact from MGUSD is long-term and utility-driven. More users, more wallets, and more daily transactions all increase on-chain activity tied to the network\u2019s native token. Moneygram\u2019s physical agent network provides a built-in cash on and off-ramp that few <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> projects have access to at this scale.<\/p>\n<h2> <span>XLM<\/span> Price Performance<\/h2>\n<p>Stellar\u2019s native token has posted strong gains across medium-term timeframes, rising 53.2% over the past seven days and 58.5% over the past fortnight, with a 30-day gain of 45.0%. The short-term picture is softer, with <a href=\"https:\/\/markets.bitcoin.com\/crypto\/XLM\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">XLM<\/a> down 0.9% in the past hour and 12.5% over the past 24 hours, suggesting some profit-taking after a sharp run-up. On a one-year basis, the token remains down 12.9%.<\/p>\n<p>The week and two-week gains align closely with the broader momentum building around Stellar\u2019s real-world utility narrative, a trend the Moneygram MGUSD launch is likely to extend.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/60-million-moneygram-users-gain-access-to-a-self-custodial-dollar-via-stellar-stablecoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Moneygram launched MGUSD on June 2, 2026, a self-custodial dollar stablecoin issued by Bridge (Stripe) on the Stellar blockchain. MGUSD gives Moneygram\u2019s 60 million customers 24\/7 access to digital USD across nearly 500,000 global retail locations. XLM demand stands to grow as every MGUSD transaction requires [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":73444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73443"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73443"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73444"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}