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 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 money transfer business, where senders want faster, cheaper transfers and receivers increasingly use digital wallets to manage everyday finances. The introduction rules for the $300 billion dollar crypto sector in the United States with the GENIUS Act gave a boost to financial institutions, companies to integrate stablecoins into their operations.
In MoneyGram’s case, a customer sending money to a family member in another country could see the 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 linked to local banking systems and capital requirements.
Fireblocks secures over $5 trillion in digital assets annually. Its technology 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.
The move builds on MoneyGram’s previous efforts to integrate digital currency tools and reflects the broader trend of money transfer companies evolving beyond cash pickup points to become always-on digital platforms.
Read more: MoneyGram makes Stablecoins the backbone of its next-generation app
