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 wallet, giving recipients not just a way to receive remittances and other payments from abroad, but also a way to save and store dollars. “In many markets, consumers face inflation, currency instability or limited access to reliable financial services,” the firm said in a statement. “MGUSD gives those customers a…
-
-
Fed: 10% of U.S. Adults Used or Held Cryptocurrency in 2025
That’s up 25% over the previous year
One in 10 U.S. adults said they bought or held cryptocurrency as an investment in 2025, according to a Federal Reserve study of the economic well-being of U.S. households. That’s up 25% over the 8% that bought or held crypto in 2024. It’s still down from the 12% that bought or held crypto in 2021, before the FTX-induced crypto winter. Just 2% of adults said they used cryptocurrency to buy something or make a payment. That held relatively steady over the past five years. Using cryptocurrency for remittances by sending money to friends or family has held steady at 1% of the adult population. Of those who used cryptocurrency to…
-
Western Union Launches USDPT Stablecoin
Initial rollout to Bolivia and the Philippines
Western Union has launched its USDPT stablecoin, bringing blockchain-based settlement to its remittance business. Calling the launch “a major milestone in the company’s evolution toward regulated, digital‑first financial infrastructure,” Western Union said in a statement that USDPT will reinforce its “role as a global payments platform.” Western Union plans to roll out USDPT payments to 40 of the more than 200 countries it serves in 2026, starting with Bolivia and the Philippines. This will come via its Stable by Western Union digital wallet and debit card service, focused on inflation-sensitive regions. USDPT is a dollar-denominated and backed stablecoin issued by Anchorage Digital Bank, and built on the Solana blockchain. “USDPT…
-
Facebook’s Libra cryptocurrency project is crumbling
Visa, Mastercard, eBay, Stripe, and Mercado Pago withdrew on October 11, leaving the stablecoin on its knees
Facebook’s Libra cryptocurrency plan began to collapse over the course of a few hours on the evening of Friday, October 11. Like dominoes toppling, many of its major partners began pulling out...
