MoneyGram has officially launched its MGUSD stablecoin on the Stellar blockchain, integrating it into its global payments network. The move positions the remittance giant alongside a growing list of financial institutions embracing digital dollar infrastructure for cross-border transactions.

The stablecoin is designed to facilitate faster and cheaper international money transfers, leveraging Stellar’s low-cost transaction network. MoneyGram’s existing global payment infrastructure will serve as on-ramps and off-ramps for the digital asset, potentially reaching millions of users worldwide.

The launch comes amid a broader trend of traditional payment companies entering the stablecoin space, as digital dollar adoption accelerates globally.

IPO Progress

Kraken co-CEO Arjun Sethi said the exchange is “80% ready” to go public, signaling that listing preparations have entered an advanced stage and could materialize in the coming months.

MoneyGram Partnership

The new collaboration with MoneyGram aims to expand access to digital assets, making it easier for users to convert between cryptocurrency and fiat currency — particularly in regions underserved by traditional banking infrastructure.

Industry Context

Kraken’s IPO plans reflect the broader trend of cryptocurrency companies embracing traditional financial markets. As more crypto-related firms seek public listings, regulatory compliance and transparency are becoming competitive advantages.

Meanwhile, crypto ETFs are going mainstream as traditional finance deepens its footprint in digital asset investing, with issuers reporting that ETFs are reshaping access, liquidity, and the global structure of digital asset investing.

MoneyGram now supports Kraken users withdrawing crypto as cash. The firms plan to expand the partnership beyond cash withdrawals to support local bank deposits and cross-border remittance flows.