Blab Crypto
Stripe and MoneyGram Introduce MGUSD Stablecoin to Simplify Global B2B Payroll
Stripe, Inc. and MoneyGram International, Inc. announced on June 2 2026 that MoneyGram will issue a new U.S. dollar‑denominated stablecoin, MGUSD, on the Stellar network. The stablecoin is issued through Stripe’s Bridge platform, a stablecoin infrastructure built for developers.
The announcement follows Stripe’s expansion of its stablecoin payment services, which now allow merchants to accept stablecoins in more than 70 countries. According to Stripe’s public documentation, the company settles stablecoin payments to USDC on Solana, Ethereum, or Polygon and pays merchants in either USD or stablecoin at a flat 1.5 % fee.
MoneyGram’s MGUSD will power a range of services across its global network. The company said the stablecoin will act as “connective tissue” as it expands its payments infrastructure using blockchain technology. MGUSD is natively issued on Stellar and is supported by Bridge, M0, and Fireblocks.
The move is part of a broader trend of stablecoins being adopted for cross‑border payments. MoneyGram’s existing stablecoin‑related services include a partnership with Stellar that lets customers receive funds into a U.S. dollar‑denominated balance and cash those stablecoins at a MoneyGram location. The company also is working with fintech Nala to enable additional stablecoin‑based services.
Bridge, the stablecoin platform behind MGUSD, is designed to give developers quick, easy, and cost‑effective global money movement. By integrating Bridge into its existing payment APIs, Stripe allows businesses to add stablecoin payments to their checkout in under an hour, according to Stripe’s developer blog.
The stablecoin payroll market has grown rapidly in recent years. Companies such as Bitwage, Toku, and RiseWorks offer payroll solutions that pay international contractors in stablecoins like USDC and USDT. These services claim to reduce costs, accelerate payments, and simplify compliance for global teams.
Stripe’s stablecoin payment rails are expected to support these payroll providers by providing a reliable settlement path and a low‑fee payout option. The 1.5 % fee is competitive with traditional cross‑border transfer costs, and the ability to settle directly to USDC on multiple blockchains reduces the need for currency conversion.
MoneyGram’s MGUSD launch also signals a shift in the traditional money‑transfer industry. By issuing a stablecoin, MoneyGram can offer faster settlement times and lower transaction costs for its customers, while still maintaining the regulatory oversight that comes with a fiat‑backed digital asset.
The stablecoin’s integration with Stripe’s Bridge means that merchants and payroll providers can use the same API to accept and send MGUSD, USDC, and other stablecoins. This common infrastructure could lower the barrier to entry for businesses that want to experiment with stablecoin payments without building their own blockchain layer.
Regulators are closely monitoring stablecoin issuances, but the MGUSD launch has not yet triggered any regulatory action. MoneyGram and Stripe have indicated that they will comply with applicable U.S. and international regulations, including anti‑money‑laundering requirements.
In the coming months, the industry will watch how MGUSD performs in real‑world use cases, especially in payroll and cross‑border remittances. If the stablecoin proves reliable and cost‑effective, it could accelerate the adoption of stablecoins in everyday business transactions.
For now, the partnership between Stripe and MoneyGram represents a significant step toward a more integrated stablecoin ecosystem that supports global commerce and payroll.
The announcement follows Stripe’s expansion of its stablecoin payment services, which now allow merchants to accept stablecoins in more than 70 countries. According to Stripe’s public documentation, the company settles stablecoin payments to USDC on Solana, Ethereum, or Polygon and pays merchants in either USD or stablecoin at a flat 1.5 % fee.
MoneyGram’s MGUSD will power a range of services across its global network. The company said the stablecoin will act as “connective tissue” as it expands its payments infrastructure using blockchain technology. MGUSD is natively issued on Stellar and is supported by Bridge, M0, and Fireblocks.
The move is part of a broader trend of stablecoins being adopted for cross‑border payments. MoneyGram’s existing stablecoin‑related services include a partnership with Stellar that lets customers receive funds into a U.S. dollar‑denominated balance and cash those stablecoins at a MoneyGram location. The company also is working with fintech Nala to enable additional stablecoin‑based services.
Bridge, the stablecoin platform behind MGUSD, is designed to give developers quick, easy, and cost‑effective global money movement. By integrating Bridge into its existing payment APIs, Stripe allows businesses to add stablecoin payments to their checkout in under an hour, according to Stripe’s developer blog.
The stablecoin payroll market has grown rapidly in recent years. Companies such as Bitwage, Toku, and RiseWorks offer payroll solutions that pay international contractors in stablecoins like USDC and USDT. These services claim to reduce costs, accelerate payments, and simplify compliance for global teams.
Stripe’s stablecoin payment rails are expected to support these payroll providers by providing a reliable settlement path and a low‑fee payout option. The 1.5 % fee is competitive with traditional cross‑border transfer costs, and the ability to settle directly to USDC on multiple blockchains reduces the need for currency conversion.
MoneyGram’s MGUSD launch also signals a shift in the traditional money‑transfer industry. By issuing a stablecoin, MoneyGram can offer faster settlement times and lower transaction costs for its customers, while still maintaining the regulatory oversight that comes with a fiat‑backed digital asset.
The stablecoin’s integration with Stripe’s Bridge means that merchants and payroll providers can use the same API to accept and send MGUSD, USDC, and other stablecoins. This common infrastructure could lower the barrier to entry for businesses that want to experiment with stablecoin payments without building their own blockchain layer.
Regulators are closely monitoring stablecoin issuances, but the MGUSD launch has not yet triggered any regulatory action. MoneyGram and Stripe have indicated that they will comply with applicable U.S. and international regulations, including anti‑money‑laundering requirements.
In the coming months, the industry will watch how MGUSD performs in real‑world use cases, especially in payroll and cross‑border remittances. If the stablecoin proves reliable and cost‑effective, it could accelerate the adoption of stablecoins in everyday business transactions.
For now, the partnership between Stripe and MoneyGram represents a significant step toward a more integrated stablecoin ecosystem that supports global commerce and payroll.
