MoneyGram has tapped Fireblocks to bring stablecoin-powered payments and real-time treasury tools to its global network, the firms said on Thursday.
The payments company, which processes transfers across more than 200 countries, will use Fireblocks’ digital asset infrastructure to improve its internal operations and settlement flows. That includes enabling stablecoin transfers across multiple blockchains, streamlining how MoneyGram holds and moves liquidity, and lowering 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 receivers are increasingly using digital wallets to manage everyday finances. The introduction regulations for the $300 billion crypto sector in the U.S. with the GENIUS Act gave a boost to financial institutions, businesses to embed stablecoins in their operations.
In MoneyGram’s case, a customer sending funds to a family member in another country could see near-instant arrival of those funds into a digital wallet, backed by stablecoins such as 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 tech will act as the programmable layer behind MoneyGram’s stablecoin operations, giving the company more control over how it routes value across chains and jurisdictions.
This move builds on MoneyGram’s earlier efforts to integrate digital currency tools and reflects the broader trend of remittance companies evolving beyond cash pickup points to become always-on digital platforms.
Read more: MoneyGram Makes Stablecoins the Backbone of Its Next-Generation App