MoneyGram said Thursday it has leveraged Fireblocks to bring stablecoin-powered payments and real-time financial tools to its global network.
The payments company, which processes transfers in more than 200 countries, will use Fireblocks’ digital asset infrastructure to improve its internal operations and settlement processes. This includes enabling stablecoin transfers across multiple blockchains, simplifying how MoneyGram holds and transfers liquidity, and reducing the need to pre-fund global accounts.
The adoption of stablecoins in traditional remittance operations is accelerating, with senders looking for faster and cheaper transfers and recipients increasingly using digital wallets to manage their daily finances. The United States regulates the $300 billion cryptocurrency industry through the GENIUS Act, pushing financial institutions and businesses to embed stablecoins into their operations.
In the case of MoneyGram, when a customer sends funds to a family member in another country, the funds arrive almost immediately in a digital wallet backed by a stablecoin such as USDC. On the backend, MoneyGram will be able to reconcile payments faster and reduce friction associated with local banking systems and capital requirements.
Fireblocks secures over $5 trillion in digital asset transfers annually. Its technology will serve as the programmable layer behind MoneyGram’s stablecoin operations, giving the company greater control over how value is transferred across chains and jurisdictions.
The move builds on MoneyGram’s earlier integration of digital currency tools and reflects a broader trend of money transfer companies evolving from cash pickup points to always-on digital platforms.
Read more: MoneyGram makes stablecoin mainstay of its next-generation applications
