MoneyGram has tapped Fireblocks to bring stablecoin-powered payments and real-time financial tools to its global network, the companies announced Thursday.
The payments company, which processes remittances in more than 200 countries, uses Fireblocks’ digital asset infrastructure to improve internal operations and payment flows. This includes enabling stablecoin transfers across multiple blockchains, streamlining how MoneyGram holds and moves liquidity, reducing the need to pre-fund accounts around the world, and more.
Traditional money transfer businesses are accelerating the adoption of stablecoins, with senders wanting faster and cheaper transfers and recipients increasingly using digital wallets to manage their day-to-day finances. The GENIUS Act’s regulation of the US $300 billion cryptocurrency sector has helped financial institutions and companies integrate stablecoins into their operations.
In the case of MoneyGram, when customers send funds to family members in other countries, those funds can arrive almost instantly in a digital wallet backed by a stablecoin such as USDC. On the backend, MoneyGram will be able to coordinate payments more quickly and reduce friction associated with local banking systems and capital requirements.
Fireblocks secures the transfer of over $5 trillion in digital assets annually. Its technology will serve as a programmable layer behind MoneyGram’s stablecoin operations, giving the company more control over how value is routed across chains and jurisdictions.
The move builds on MoneyGram’s previous efforts to integrate digital currency tools and reflects the broader trend of money transfer companies evolving beyond cash pickup points to always-on digital platforms.
Read more: MoneyGram makes stablecoins the backbone of next-generation apps
