The veteran remittance giant has finally gone on-chain; I understand MGUSD's move.

CryptoWorld News: MoneyGram announced the launch of the MGUSD stablecoin on the Stellar blockchain. Users can hold and send digital dollars through the MoneyGram app. The product will debut in the United States, followed by a plan for global rollout. MGUSD is issued by Bridge, a subsidiary under Stripe. M0 developed the smart contracts for minting and redemption, and Fireblocks provides wallet infrastructure. MoneyGram said that the stablecoin will support services across its global network, covering more than 60 million customers and nearly 500,000 retail outlets. The company hopes to integrate MGUSD into its payment system to further strengthen its position in the U.S. dollar remittance market.