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MoneyGram launched MGUSD, a dollar-backed stablecoin on Stellar, on June 2, 2026. MGUSD is issued by Stripe’s Bridge with smart contracts from M0 and Fireblocks wallet. A self-custodial wallet in the MoneyGram app lets users hold USD-denominated balances. Global payment giant MoneyGram today officially released MoneyGram’s own U.S. dollar-backed stablecoin, MGUSD, on the Stellar blockchain […] The post MoneyGram Launches MGUSD Stablecoin on Stellar Network appeared first on Live Bitcoin News.

The Dallas-based payments company is now the issuer of a U.S. dollar token on a public chain, with Stripe-owned Bridge as the regulated minter, M0 smart contracts handling supply, and Fireblocks holding the float.