MoneyGram taps Fireblocks to handle stablecoin settlements for the remittance giant
MoneyGram is partnering with Fireblocks to utilize its infrastructure for real-time stablecoin settlements across multiple blockchains.Summary
Global remittance service MoneyGram has partnered with Fireblocks to manage stablecoin settlements, aiming to rebuild its cross-border settlement rails for real-time transactions. Fireblocks will provide MoneyGram with stablecoin infrastructure and a programmable settlement layer to enhance payment flows and enable value movement across various blockchains instantly. This move positions MoneyGram as a strong proponent of blockchain-based payment rails, building upon its prior investments in digital currency on/off-ramps and compliance infrastructure. While this integration could help MoneyGram trim costs, it also reflects a broader trend of traditional financial institutions embracing stablecoins, even as blockchain technology theoretically aims to reduce the need for intermediaries like MoneyGram.
(Source：The Block)