TechFlow News: On June 2, according to PRNewswire, global payment giant MoneyGram announced the launch of its native U.S. dollar-pegged stablecoin, MGUSD, as infrastructure for a suite of financial services within its global payment network.
MGUSD is initially deployed on the Stellar blockchain, with Bridge (a Stripe subsidiary) serving as the regulated issuer, M0 providing the smart contract infrastructure for token minting and burning, and Fireblocks offering wallet support.
MoneyGram stated that MGUSD will be integrated into its app’s self-custodial wallet, first launching in the U.S. market, with plans to gradually expand globally.
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