MoneyGram has launched its own U.S. dollar-backed stablecoin on the Stellar (CRYPTO: $XLM) blockchain.
Privately held MoneyGram joins a growing list of payment companies and banks that are moving into stablecoins, or digital dollars as they’re known.
The new stablecoin from MoneyGram is called “MGUSD” and is embedded into the MoneyGram app, allowing customers to hold a dollar-denominated balance in a self-custodial digital wallet.
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Ripple, The Company Behind XRP, Is Valued At $50 Billion
Privately held MoneyGram joins a growing list of payment companies and banks that are moving into stablecoins, or digital dollars as they’re known.
The new stablecoin from MoneyGram is called “MGUSD” and is embedded into the MoneyGram app, allowing customers to hold a dollar-denominated balance in a self-custodial digital wallet.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion
22 hours ago
