MoneyGram on Tuesday announced the launch of MGUSD, a stablecoin integrated into its global payments network. Issued on the Stellar blockchain, MGUSD is targeting the money transfer and payment services company’s 60 million customers, who access its services from more than 500,000 retail establishments worldwide. The U.S. dollar-denominated stablecoin will be integrated directly into the MoneyGram app in a self-custodial…
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Binance to Offer 7,000 U.S. Stocks and ETFs
Tokenized U.S. equities are also coming
While a number of crypto exchanges offer access to U.S. stocks, most limit that offering to a few dozens to a few hundred equities and ETFs. Today Binance is upping the ante, offering access to some 7,000 U.S. stocks and ETFs through its trading platform. Binance also announced that it will soon launch bStocks, tokenized securities representing selected U.S. stocks…
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Cash App Adds Stablecoin Payments
The financial super app lets users send and receive USDC
Block, Inc.’s Cash App has added stablecoin payments to its roster of financial services. The financial services app now allows users to send and receive USDC on four blockchains: Ethereum, Solana, Polygon and Arbitrum. The company’s Bitcoin Product Lead, Miles Suter, said on X that “everything runs from your existing USD balance — no separate wallet, no managing multiple chains,…
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SoFi Launches SoFiUSD Stablecoin on Its Banking App
Dollar-pegged stablecoin can be used to buy, hold, and pay in the SoFi app
SoFi Technologies announced today that it has made its SoFiUSD stablecoin available to its nearly 15 million members directly within its digital financial services app. It is the first time that a U.S. national bank-issued stablecoin is available directly within a banking app, the company said in a statement. SoFiUSD will operate on Ethereum and Solana, with more blockchains to…
