Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

MoneyGram ends XRP use years ago; launches MGUSD stablecoin on Stellar, signaling shift from bridge tokens to proprietary stablecoins.

Market News
23 Jun 2026
Crypto news
View Source
Neutral
pluang ai news

MoneyGram stopped using Ripple's XRP-based On-Demand Liquidity service in 2021 amid regulatory concerns and legal issues involving Ripple. Recently, MoneyGram launched MGUSD, its own dollar-pegged stablecoin on the Stellar blockchain, aiming to integrate digital dollars with its vast cash remittance network. This move reflects a broader industry trend where payment firms prefer issuing their own stablecoins to capture yield and control, reducing reliance on volatile bridge tokens like XRP. While MoneyGram's shift is symbolically significant for XRP's narrative, it causes minimal direct loss since the partnership ended years ago, highlighting a structural shift in cross-border payments toward proprietary stablecoins rather than third-party bridge tokens.

More News

Dimensional Fund Advisors discloses 1.41% stake in Advanced Medical Solutions.

Dimensional Fund Advisors discloses 1.41% stake in Advanced Medical Solutions.

Dimensional Fund Advisors Ltd. has disclosed a 1.41% ownership stake in Advanced Medical Solutions Group PLC, holding 3,110,204 ordinary shares as of June 22, 2026. This disclosure follows regulatory requirements under the Takeover Code, indicating D...

Market News
Neutral
1 hour ago
Clariane SE announces pre-stabilisation for €333M perpetual notes with BNP Paribas as stabilisation manager.

Clariane SE announces pre-stabilisation for €333M perpetual notes with BNP Paribas as stabilisation manager.

Clariane SE has initiated a pre-stabilisation period for its €333 million perpetual subordinated fixed-rate resettable notes. BNP Paribas, along with other banks, will act as stabilisation managers to support the market price during the period from J...

Company Fundamentals
Neutral
2 hours ago
Enteric disease testing market to grow to $5.86B by 2035, driven by foodborne disease surveillance and molecular diagnostics.

Enteric disease testing market to grow to $5.86B by 2035, driven by foodborne disease surveillance and molecular diagnostics.

The global enteric disease testing market is projected to grow from $4.08 billion in 2025 to $5.86 billion by 2035, at a CAGR of 3.7%. Growth is fueled by rising foodborne and waterborne diseases, demand for rapid pathogen detection, and adoption of ...

Market News
Bullish
2 hours ago
Vaidas Dominauskas appointed head of Telia Lietuva's business client team from July 1, 2026.

Vaidas Dominauskas appointed head of Telia Lietuva's business client team from July 1, 2026.

Vaidas Dominauskas will lead Telia Lietuva's business client team starting July 1, 2026, bringing over 14 years of experience at the company and recent leadership at state-owned Regitra. He replaces Aurimas Žlibinas and will focus on expanding the bu...

Market News
Bullish
2 hours ago
Investec Bank discloses equal purchase and sale of 128,034 Gamma Communications shares on June 22, 2026

Investec Bank discloses equal purchase and sale of 128,034 Gamma Communications shares on June 22, 2026

Investec Bank plc, acting as joint broker to Gamma Communications Plc, disclosed a public dealing on June 22, 2026, involving the purchase and sale of 128,034 ordinary shares of Gamma Communications. The transactions were conducted at prices ranging ...

Market News
Neutral
2 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App