MoneyGram debuts MGUSD stablecoin on Stellar for its global payments network

- MoneyGram is finally joining the 21st century by launching MGUSD on Stellar. Yes, the company that still feels like a fax machine from hell has a stablecoin. Backed by Bridge and Fireblocks, it’s targeting their 60 million customers for cross-border payments. Because apparently, waiting three days for a wire transfer was too much friction for the unbanked. It’s another RWA play, proving everyone suddenly loves tokenizing legacy finance. While moonboys chase memecoins, old money wraps itself in blockchain to save on fees. It’s boring, bureaucratic, and likely compliant as hell. But hey, if you need to send cash to your cousin in Manila without filling out forms, maybe this isn’t total trash. Just don’t expect it to outperform Bitcoin.