MoneyGram Turns Blockchain into Borderless Bridges for Faster Global Payments

Generated by AI AgentCoin World
Thursday, Sep 18, 2025 11:52 am ET1min read
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Aime RobotAime Summary

- MoneyGram launched a blockchain-powered app enabling fast, low-cost stablecoin cross-border payments via Ethereum, bypassing intermediaries.

- The USD-pegged stablecoin solution, developed with BitGo, aims to modernize remittances while navigating regulatory compliance challenges.

- Industry analysts highlight the move as a strategic response to fintech competition, positioning MoneyGram to lead blockchain adoption in traditional finance.

- Early user feedback praises transaction speed and ease of use, though expansion depends on regulatory approvals and consumer education efforts.

MoneyGram International Inc. has launched a new stablecoin-powered mobile application, marking a significant step in its digital transformation strategy to modernize cross-border payments. The app, which integrates blockchain technology, allows users to send and receive stablecoins across international borders with greater speed and lower fees compared to traditional remittance methods. The initiative is part of the company’s broader effort to leverage decentralized finance (DeFi) and tokenized assets to streamline its services for a global user base.

The new app supports U.S. dollars (USD) pegged stablecoins, enabling users to transact in a digital format that mirrors the value of fiat currency. This move aligns with MoneyGram’s partnership with blockchain infrastructure provider BitGo, which facilitates the secure and efficient transfer of funds using the

Ethereum
blockchain. By converting fiat into stablecoins before transmission, MoneyGram is able to bypass intermediaries and reduce both the time and cost of cross-border transactions.

Industry analysts have noted that this development positions MoneyGram to compete more effectively with fintech startups and traditional banks that are also exploring tokenized payments. The firm’s CEO has emphasized that the stablecoin app is a foundational component of its long-term vision to offer a fully integrated digital wallet experience. The app is currently available in select markets and is expected to expand to additional regions based on regulatory approvals and user demand.

Early user feedback has been largely positive, with customers citing the ease of use and the speed of transactions as key advantages. However, challenges remain, particularly in terms of regulatory compliance and consumer education around the use of stablecoins. MoneyGram has been working closely with financial authorities in multiple jurisdictions to ensure that its offering meets compliance standards and does not pose systemic risks.

The launch of the app also reflects a growing trend among traditional financial institutions to adopt blockchain and digital assets to improve the efficiency of cross-border financial services. As more companies experiment with tokenized payments, MoneyGram’s move could set a precedent for how legacy firms integrate blockchain technology into their core offerings.