MoneyGram has tapped Fireblocks to bring stablecoin-powered payments and real-time treasury tools to its global network, the companies said Thursday.
The payments company, which processes transfers in more than 200 countries, will use Fireblocks’ digital asset infrastructure to improve its internal operations and settlement flows. This includes enabling stablecoin transfers 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 business, where senders want faster, cheaper transfers and recipients increasingly use digital wallets to manage everyday finances. The introduction of regulations for the $300 billion crypto sector in the US with the GENIUS Act gave a boost to financial institutions and businesses to incorporate stablecoins into their operations.
In the case of MoneyGram, a customer sending funds to a family member in another country could see those funds almost instantly arrive in a digital wallet, backed by stablecoins like USDC. On the backend, MoneyGram will be able to reconcile payments faster and reduce friction tied to local banking systems and capital requirements.
Fireblocks secures over $5 trillion in digital asset transfers annually. Its technology will act as a programmable layer behind MoneyGram’s stablecoin operations, giving the company more control over how it directs value across chains and jurisdictions.
This move builds on MoneyGram’s previous efforts to integrate digital currency tools and reflects the broader trend of remittance companies evolving beyond curbside pickup locations to become always-on digital platforms.
Read more: MoneyGram makes stablecoins the backbone of its next-generation app
