Stripe · CoinDesk
MoneyGram was also listed as a one of the partners in Open USD
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Key facts
- Ramps supports cash deposits in more than 25 countries and withdrawals across more than 170 countries and territories, the firm said
- The firm took that strategy further in June, announcing MGUSD, its own dollar-backed stablecoin issued by Bridge, the stablecoin infrastructure company owned by Stripe, on the Stellar XLM $ 0.1611
- The future of payments is built on access,” MoneyGram CEO Anthony Soohoo said in a statement
- MoneyGram, which serves roughly 60 million active customers, views blockchain rails as a way to make cross-border transfers faster, cheaper and easier to track, without requiring customers to think
Summary
MoneyGram is extending its cash-to-crypto service, MoneyGram Ramps, to the Solana blockchain, allowing wallets, exchanges and developers on Solana to connect to its global cash network. The service lets users convert between cash and digital assets, supporting cash deposits in more than 25 countries and withdrawals in more than 170 countries and territories. The move deepens MoneyGram’s push into stablecoin-based payments and remittances, building on its earlier USDC cash-on/off-ramp with Stellar and the launch of its own dollar-backed stablecoin, MGUSD. MoneyGram is bringing its cash-to-crypto infrastructure to Solana (SOL), extending the money-transfer company's push into blockchain rails to connect stablecoins and digital wallets with its sprawling global cash network. The company said Tuesday that MoneyGram Ramps has become available to wallets, exchanges and developers building on Solana.