Deployments · Open Issuance · platform by Bridge

MoneyGram USD (MGUSD) stablecoinNew

MoneyGram's own US dollar stablecoin, issued by Bridge (Stripe's stablecoin company) on Stellar and minted and burned with M0's contracts. Launched in the United States on 2 June 2026, it is the dollar balance of a self-custodial wallet inside the MoneyGram app, linked to MoneyGram's money transfer and cash-out network; MoneyGram holds its MGUSD in Fireblocks wallets and plans to expand it globally. About $25 million was in circulation in October 2026.

Live (limited) since 2 Jun 2026^[3][1]i — US launch in one app; about $25m in circulation. · Reviewed 17d ago i

Assets

Stablecoin^[1]

US dollar stablecoin backed by dollar reserves

Networks

Stellar Public, permissionless^[3][1]

Use cases i

Primary issuance^[1]Cross-border payments^[3]

Jurisdictions

United States

Participants

• BridgeIssuer, Platform provider^[3][1]United States
• MoneyGramOperator, Distributor^[3][1]United States
• M0Technology provider^[3]Global
• FireblocksTechnology provider^[3]United States
• StripeInvestor^[2]United States

Likely relevant regulation i

• US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activitiesUnited States
• GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act)United States

Assets

• IssuesMoneyGram USD (MGUSD) (MGUSD)^[1]

Metrics i

• ~$25.25mTokens in circulation · as of 22 Oct 2026 · on Stellar^[1]
  Issuer's transparency page (circulating supply equals reserves).
• ~$25.31mSupply on chain (daily) · as of 7 Nov 2026^[4]
  Automated daily reading of on-chain supply across all chains.
• ~$25.31mSupply on chain (daily) · as of 7 Nov 2026 · on Stellar^[4]
  Automated daily reading.

Timeline

1. Happened 2 Jun 2026 · Launch · recorded 22 Oct 2026
   MoneyGram launches MGUSD on Stellar in the US, issued by Bridge with M0's contracts, as the dollar balance of its app's self-custodial wallet.^[3]

Sources i