MoneyGram picks XLM network for its own stablecoin launch: MGUSD
MoneyGram has announced the launch of its proprietary stablecoin, $MGUSD. The remittance provider selected Stellar ($XLM) as the blockchain network where the new USD-based asset will be issued and hosted. MoneyGram will custody $MGUSD with Fireblocks, and Bridge Stablecoin has been appointed as the regulated issuer.