MoneyGram expands on Solana with global crypto-to-cash service
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
AI-generated summary based on the linked source; not independently verified. This is not investment advice. Verify market-moving details at the original publisher before acting. See our editorial policy, AI content policy, and financial disclaimer.
Summary
MoneyGram is expanding its cash-to-crypto service, MoneyGram Ramps, to include the Solana blockchain. This allows wallets, exchanges, and developers on Solana to connect to MoneyGram’s global cash network. The service lets users convert between cash and digital assets and supports cash deposits in over 25 countries and withdrawals in over 170 countries and territories.
Why it matters
The expansion furthers MoneyGram’s efforts to integrate stablecoin-based payments and remittances into its global payment system. By connecting digital assets to its physical cash network, MoneyGram aims to make cross-border transfers faster, cheaper, and easier to track without requiring users to understand the blockchain technology behind it.
Key context
MoneyGram has been developing blockchain-based payment infrastructure for several years. Previously, it launched a USDC cash-on/off-ramp using the Stellar blockchain and introduced its own stablecoin, MGUSD, issued on Stellar’s network. MoneyGram also became a validator on Solana in June 2026 and participates in the Stripe-led Open USD stablecoin initiative.
Key numbers and entities
MoneyGram serves around 60 million active customers. MoneyGram Ramps supports cash deposits in over 25 countries and withdrawals in more than 170 countries and territories. MGUSD is a dollar-backed stablecoin issued by Bridge, a stablecoin infrastructure company owned by Stripe. The Solana token ticker is SOL.
What remains unclear
The source does not flag open questions or limitations regarding the service expansion or its impact.