MoneyGram Launches MGUSD Dollar-Pegged Stablecoin on Stellar on June 2

XLM-8.54%
MoneyGram launched MGUSD on June 2, a native U.S. dollar stablecoin that integrates directly into the MoneyGram app through a self-custodial wallet. The token issues natively on the Stellar blockchain, giving customers a dollar-denominated balance they can hold, move and convert into local currency on demand. MGUSD goes live first in the U.S. market, with MoneyGram planning to scale it globally. Bridge, a Stripe company, serves as the regulated issuer, while M0's infrastructure handles minting and burning of the tokens.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments