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Home/News/MoneyGram becomes Solana validator as it expands stablecoin payment strategy
CoinDesk·6h ago·positive

MoneyGram becomes Solana validator as it expands stablecoin payment strategy

MoneyGram became a validator on Solana's blockchain, helping secure transactions as it builds stablecoin-based payment services. The move follows the launch of its MGUSD stablecoin on Stellar earlier this month.

  • MoneyGram will help process and secure Solana transactions as a proof-of-stake validator.
  • The company also joined Solana Developer Platform to build institutional financial products.
  • MoneyGram launched its MGUSD stablecoin on Stellar earlier this month via a partnership with Stripe-owned Bridge.
  • CEO Anthony Soohoo said the future of global payments will be built on open, interoperable stablecoin rails.
  • MoneyGram is also an anchor validator on payments-focused blockchain Tempo.
techdefiImpact 6/10
Why our editor rated this positive

A major remittance firm becoming a blockchain validator signals growing real-world adoption of crypto infrastructure for payments.

Read the full story at CoinDesk

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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