MoneyGram debuts MGUSD stablecoin on Stellar for its global payments network — 2026-06-02

## Short Segments MoneyGram's launch of a stablecoin on Stellar marks a significant shift in digital dollar payments. Coinbase invests in a stablecoin reserves ETF, Franklin Templeton partners with MoonPay, and Backpack blends traditional and tokenized stock trading. Hamilton Lane's fund launches on Tron, and UAE's dirham-backed stablecoins see growing demand. MoneyGram launches a stablecoin on Stellar, joining the rush toward digital dollar payments. MoneyGram has introduced MGUSD, a U.S. dollar stablecoin, on the Stellar blockchain. This move positions MoneyGram at the forefront of digital dollar payments, aiming to transform remittance services by integrating with a trusted payments network. MGUSD is designed to support cross-border transfers and financial access for underserved communities, serving over 60 million active customers worldwide. By leveraging blockchain technology, MoneyGram aims to enhance its global payments network, offering a more efficient and accessible service for its users. Coinbase invests in a stablecoin reserves ETF issued by ProShares. The ProShares GENIUS Money Market ETF, with $22 billion in assets under management, is designed to meet the stringent requirements of the GENIUS Act, making it eligible for stablecoin reserves investment. This ETF provides a flexible, transparent option for investors seeking a high-quality cash management solution, investing exclusively in short-term U.S. Treasuries. Coinbase's investment highlights the growing interest in regulatory-compliant financial products that support the stablecoin ecosystem. This move could pave the way for more stablecoin issuers to manage their reserves in a compliant and efficient manner. Franklin Templeton brings its BENJI tokenized fund to MoonPay. This partnership expands institutional access to Franklin Templeton's tokenized money market fund by integrating it with MoonPay Trade. The collaboration positions both firms for a broader strategic relationship as tokenized funds gain traction in onchain treasury, collateral, and liquidity uses. By leveraging MoonPay's infrastructure, Franklin Templeton aims to enhance the distribution and accessibility of its tokenized products, bridging traditional asset management with decentralized finance. This integration marks a significant step in the evolution of tokenized financial products. Backpack launches a securities platform blending traditional and tokenized stock trading. Backpack Securities combines a U.S.-regulated brokerage for traditional equities ownership with a tokenization platform. This platform allows users to trade U.S. stocks through regulated brokerage infrastructure and convert their holdings into blockchain-transferable tokenized assets. By partnering with Solana-based tokenization protocol Sunrise, Backpack aims to offer a seamless trading experience that bridges the gap between traditional and digital asset markets. This development could attract a new wave of investors seeking diversified investment opportunities. Hamilton Lane's tokenized HLSCOPE fund launches on Tron, marking the first Securitize asset on the network. Securitize has expanded Hamilton Lane's tokenized Senior Credit Opportunities Fund to the TRON blockchain, widening regulated access to private credit. This launch brings one of the industry's most established tokenized private credit products to a major blockchain network, enhancing the accessibility and scalability of private credit investments. By leveraging TRON's infrastructure, Securitize aims to provide a more efficient and transparent platform for investors seeking exposure to private credit markets. This move signifies a growing trend of bringing traditional financial assets onchain. Demand for UAE dirham-backed stablecoins set to grow as digital asset adoption accelerates. The UAE is moving regulated stablecoins from pilot environments to everyday payments, supported by a national rulebook that ensures monetary safeguards. As digital currencies gain wider acceptance, their use is extending beyond trading and remittances into everyday business transactions. This shift is driven by regulatory clarity, institutional participation, and growing market gravity in the UAE. The increasing demand for dirham-backed stablecoins highlights the region's commitment to integrating digital assets into its financial ecosystem. ## Feature Story MoneyGram debuts MGUSD stablecoin on Stellar for its global payments network. MoneyGram has launched MGUSD, a U.S. dollar stablecoin, on the Stellar blockchain, targeting over 60 million customers for cross-border payments. This move marks a decisive shift in MoneyGram's stablecoin strategy, as the company transitions from third-party digital dollar services to its own branded stablecoin. MGUSD is designed to support a growing suite of financial services across MoneyGram's global network, with native issuance on Stellar and support from partners like Bridge, M0, and Fireblocks. The stablecoin will be integrated into the MoneyGram app, offering self-custodial wallets for users, and aims to enhance financial access for underserved communities. By leveraging blockchain technology, MoneyGram seeks to transform its remittance services, providing a more efficient and accessible solution for cross-border transfers. This launch positions MoneyGram at the forefront of digital dollar payments, as the company plans to expand MGUSD beyond the U.S. market. The introduction of MGUSD reflects a broader trend of financial institutions embracing blockchain technology to improve payment infrastructure and reach new customer segments. As MoneyGram continues to build its payments infrastructure on blockchain, the success of MGUSD could pave the way for further innovations in the digital payments space. With the backing of established partners and a robust blockchain network, MGUSD is poised to play a significant role in the evolution of global remittance services.