Moneygram Launches MGUSD Stablecoin on Stellar Blockchain
- Moneygram has launched MGUSD, a self-custodial dollar stablecoin, on the Stellar blockchain as of June 2, 2026.
- MGUSD offers Moneygram’s over 60 million customers round-the-clock access to digital USD across nearly half a million global retail locations.
- The demand for Stellar’s native token, XLM, is expected to increase since every MGUSD transaction requires XLM for fees and account reserves.
- The stablecoin is initially launched in the U.S., with plans for a global rollout.
- Moneygram rebuilt its core systems over the past year to integrate stablecoin rails and support digital transactions seamlessly.
MGUSD represents a significant collaboration between Moneygram and the Stellar Development Foundation, enhancing financial access through blockchain technology. This launch marks an important step in integrating cash and digital payments at scale via Moneygram’s extensive network.
The introduction of MGUSD not only strengthens the partnership between Moneygram and Stellar but also highlights the growing utility of blockchain technology in real-world applications, potentially increasing demand for XLM as more users engage with this new financial tool.
