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American cross-border remittance and payments company MoneyGram announced the launch of the U.S. dollar stablecoin MGUSD on the Stellar blockchain. MGUSD will be initially opened to U.S. users, and will be expanded to its global network in the future. MGUSD is issued by Bridge, a stablecoin infrastructure platform under Stripe, with M0 providing smart contracts and Fireblocks providing wallet infrastructure. MoneyGram currently has more than 60 million users and nearly 500,000 offline branches; users will be able to hold U.S. dollar balances via self-custody wallets within the app.