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MoneyGram deepens Stellar partnership with own stablecoin and validator role

Protocol Fundamentals
28 Oct 2026, 17:55 WIB
Crypto Briefing
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Bullish
MoneyGram deepens Stellar partnership with own stablecoin and validator role

MoneyGram has expanded its five-year partnership with the Stellar blockchain by launching its own USD-pegged stablecoin, MGUSD, and becoming a Tier 1 validator on the Stellar network. This move highlights MoneyGram's trust in Stellar beyond just speed and cost, integrating an exclusive in-app digital dollar balance feature. Serving 60 million customers across 170 countries, MoneyGram's adoption of Stellar's technology marks a significant step in blockchain-based payments, with plans for a global rollout of MGUSD following its U.S. debut. The partnership exemplifies how blockchain adoption in payments evolves through gradual, trust-based steps leveraging existing cash networks.

Stellar (XLM) trades at Rp3.089 on Pluang as of Oct 28, 2026 22:03 WIB, showing a 1.75% gain in the last day. The platform records a market cap of Rp108,15T and 24-hour trading volume of Rp1,9T. Buy orders dominate at 71%, reflecting steady investor interest amid MoneyGram's expanded use of Stellar technology.

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