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Cross-border payment giant MoneyGram selects Fireblocks for stablecoin settlements
According to PANews on December 4, The Block reported that Fireblocks will begin handling stablecoin settlements for global remittance service company MoneyGram. Michael Shaulov, co-founder and CEO of Fireblocks, stated in a release: "MoneyGram is rebuilding cross-border settlement rails in real time. By shifting to a multi-chain, programmable infrastructure, MoneyGram is fundamentally increasing the speed and reliability of global payments." MoneyGram is positioning itself as a strong supporter of blockchain payment rails. The company said in its press release that its early investments in "on- and off-ramps for digital currencies and crypto compliance infrastructure" have given it a "first-mover advantage."