MoneyGram has tapped Fireblocks to bring stablecoin-based payments and real-time treasury tools to its global network, the companies announced Thursday.
The payments company, which processes transfers in over 200 countries, will use Fireblocks’ digital asset infrastructure to improve its internal operations and settlement flows. This includes the ability to transfer stablecoins across multiple blockchains, streamlining how MoneyGram holds and moves liquidity, and reducing the need to pre-fund accounts around the world.
Stablecoin adoption is accelerating in the traditional remittance industry, where senders want faster, cheaper transfers and recipients are increasingly using digital wallets to manage their daily finances. The introduction of regulations for the $300 billion crypto industry in the United States with the GENIUS Act has given a boost to financial institutions and businesses to integrate stablecoins into their operations.
In MoneyGram’s case, a customer sending funds to a family member in another country could see those funds arrive almost instantly in a digital wallet, backed by stablecoins such as USDC. On the back end, MoneyGram will be able to reconcile payments faster and reduce friction related to local banking systems and capital requirements.
Fireblocks secures over $5 trillion in digital asset transfers each year. Its technology will act as a programmable layer behind MoneyGram’s stablecoin operations, giving the company more control over how it routes value across chains and jurisdictions.
The move builds on MoneyGram’s previous efforts to integrate digital currency tools and reflects the broader trend of remittance companies evolving beyond cash pickup locations to become permanent digital platforms.
Read more: MoneyGram makes Stablecoins the backbone of its next-generation app
