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…
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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…
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Coinbase Announces Global Stablecoin Payments Partnership
Western Union ready to launch stablecoin
Crypto exchange Coinbase has partnered with real-time cross-border payments firm Nium to bring stablecoin payments to its 190-plus country network. The goal is to replace the slow and costly SWIFT-based traditional banking services, which can take days to complete. The transactions can be made in stablecoins and paid out in local fiat currencies. Coinbase brings wallet infrastructure, stablecoin liquidity, custody, and on-ramps to Nium, as well as handling regulatory compliance. The system will use Circle’s USDC stablecoins. USDC is the second-largest stablecoin issuer, with almost $78 billion in circulation. So far the partnership is aimed at providing business and banking customers with real-time payment capabilities, freeing them from the need…
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Boost for big crypto firms as 48 states streamline regulations
By joining their licensing process, the states have made it far easier for cryptocurrency firms and other fintechs, which until now had to apply for licenses on a state-by-state basis
This means that 78 of the country’s biggest fintech companies—including cryptocurrency exchanges like Binance US as well as the likes of PayPal and Western Union—will now only need to undergo one comprehensive exam to unlock access to all of these territories.
