MoneyGram is expanding its role between traditional finance and decentralized finance (DeFi) by allowing Solana users to convert stablecoins into physical cash through its off-ramp network of 500,000 retail locations. CEO Anthony Soohoo said the Solana integration is primarily about access and is intended to connect digital wallets with real-world cash registers. MoneyGram ultimately aims to let developers build applications on its network, although the full developer-tools framework is still rolling out. The company’s blockchain strategy began with the Stellar Development Foundation in 2021 after its failed Ripple deal. In June, MoneyGram launched MGUSD, a dollar-denominated stablecoin, with Bridge, Crossmint, Fireblocks, M0 and Stellar. MoneyGram Ramps went live on Solana earlier this month, with Rift becoming the first Solana wallet to integrate the service.