MoneyGram Partners with Fireblocks to Boost Global Payments via Stablecoins
MoneyGram says its integration with Fireblocks will enable multi-chain stablecoin settlements, cutting pre-funding needs and providing real-time treasury operations across 200 countries.
MoneyGram announced an official partnership with Fireblocks to integrate stablecoin-based payments and real-time treasury tools into its global network, covering over 200 countries. According to the company, Fireblocks’ multi-chain programmable infrastructure will enable stablecoin transfers across multiple blockchains, reduce capital requirements by lowering the need to pre-fund accounts, and streamline liquidity management. This shift reflects growing stablecoin use in remittances, as customers increasingly send instant, cost-efficient transfers to digital wallets. Fireblocks, which secures over $5 trillion in digital asset transfers annually, will provide the backend programmable layer for routing value across chains and jurisdictions.
- Stablecoin: A type of cryptocurrency designed to maintain a stable value, often pegged to a fiat currency like the U.S. dollar.
- Fireblocks: A digital asset custody and transfer platform that provides secure infrastructure for moving, storing, and issuing cryptocurrencies.
- Multi-chain programmable infrastructure: Blockchain architecture enabling interoperability across multiple chains with programmable features for settlement and transaction logic.