M0 infrastructure powers the new MoneyGram stablecoin (MGUSD)
MoneyGram's native U.S. dollar stablecoin launched June 2, 2026.
A stablecoin built for real people
MoneyGram has launched MGUSD, its native U.S. dollar stablecoin, designed to power consumer balances and money transfers across MoneyGram's global network. MoneyGram customers can hold MGUSD, send it globally, and convert it to local currency on demand, 24/7. For the millions of people who move money across borders, including communities with limited banking access and people in high-inflation economies seeking stability, that combination matters.
"The stablecoin market has largely focused on the asset itself. MoneyGram is taking a fundamentally different approach. Stablecoins combine the stability of the dollar with the speed and programmability of blockchain, and for high-volume, real-world payment services like remittances, that combination is transformative. MGUSD is the stablecoin we built for our customers, for the families sending money home and for the billions of people around the world with limited banking access." — Anthony Soohoo, Chairman and CEO, MoneyGram
How M0 makes this possible
MGUSD runs on M0 modular stablecoin infrastructure. That's worth unpacking. What MoneyGram chose, and why, reflects something important about how this market is maturing.
Most stablecoin deployments hand control to someone else's platform. The issuer is fixed. Customization is granted at the platform's discretion. The coin and the company behind it are the same thing, which means the builder's strategic roadmap is effectively the stablecoin provider's roadmap. That's fine if you're comfortable letting someone else set the ceiling on what your product can do.
MoneyGram needed infrastructure they could shape to their customer needs, product requirements, regulatory context, and overall vision and ambitions. Not a stablecoin to rent. A stablecoin they could own.
M0 is modular stablecoin infrastructure. It separates three things that monolithic platforms bundle: reserve custody, token logic, and liquidity. Each becomes a layer the builder controls and can revisit. The issuer is configurable, not fixed. The brand, economics, reward distribution, and coin behavior are set at the contract level, by the builder. The coin connects to a shared on-chain liquidity layer from day one, powering interoperability and 1-to-1 swapping. None of that requires rebuilding from scratch when requirements change.
“For years, builders launching stablecoins had two options: accept the constraints of a monolithic issuer, or spend 18 months building the infrastructure themselves. Neither is a real choice. M0 exists because the infrastructure layer should be open, modular, and controlled by the builder, not by whoever sits at the bottom of the stack. MoneyGram didn't rent a stablecoin. They built one. That's what M0 infrastructure is for." — Luca Prosperi, CEO & Co-founder, M0
What this launch represents
MGUSD launched in the U.S. market, with plans to expand across MoneyGram's network of 60M+ customers and nearly 500,000 retail locations.
The deeper ambition goes beyond faster transfers. When MoneyGram owns its own form of money, it can build a different kind of product entirely. Rather than defaulting to a cash payout at the destination, customers can hold a dollar-denominated balance in the MoneyGram app, spend it directly, and stay in the MoneyGram ecosystem in ways that weren't possible when every transaction had to settle through underlying banking partners.
That balance becomes the foundation for a broader set of MoneyGram consumer financial services over time.
What MoneyGram built with M0 is a stablecoin that belongs to them. As their network grows and the regulatory environment develops, they retain the ability to change issuers, expand to new chains, and adjust the economics of the coin without starting over. The infrastructure is designed to outlast any single decision they make today.
