MoneyGram has become a validator on the Solana blockchain as it expands its stablecoin and blockchain payments strategy. The move follows the company’s recent MGUSD stablecoin launch on Stellar and its work across multiple blockchain networks.
MoneyGram has become a validator on the Solana blockchain as it expands its stablecoin and blockchain payments strategy. The move follows the company’s recent MGUSD stablecoin launch on Stellar and its work across multiple blockchain networks.
MoneyGram has joined the Solana blockchain as a validator, adding a more direct infrastructure role to its growing stablecoin payments strategy. As a validator, the remittance company will help process transactions and support the security of Solana’s proof-of-stake network.
MoneyGram has joined the Solana blockchain as a validator, adding a more direct infrastructure role to its growing stablecoin payments strategy. As a validator, the remittance company will help process transactions and support the security of Solana’s proof-of-stake network.
The development matters because MoneyGram is moving beyond using blockchain rails for payments and settlement into helping operate the networks that support those services. For a company known for cross-border money movement, the validator role signals a deeper commitment to crypto infrastructure at a time when stablecoins are increasingly being tested for global payments.
MoneyGram also joined the Solana Developer Platform, an initiative designed to help institutions build financial products on Solana. The company’s involvement places it closer to developers and financial firms building on the network, while expanding its own exposure to open blockchain infrastructure.
The Solana move follows MoneyGram’s recent launch of MGUSD, its stablecoin on the Stellar blockchain. That stablecoin was introduced through a partnership with Bridge, the stablecoin infrastructure company owned by Stripe.
MoneyGram said its broader strategy is not tied to a single blockchain. Alongside Solana and Stellar, the company has also joined Tempo, a payments-focused blockchain, as an anchor validator, underscoring its multi-network approach to blockchain-based payments.
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