MoneyGram Teams With Fireblocks To Supercharge Global Stablecoin Payments

MoneyGram just cut a major deal with crypto infrastructure giant Fireblocks. This isn't just another pilot—it's a full-scale push to wire stablecoins into the veins of global money movement.

Bypassing The Old Guard

The partnership aims to let users send stablecoin-based payments directly to MoneyGram's sprawling network of retail locations. Think sending USDC from your digital wallet and having someone pick up cash across town—or across an ocean. It bypasses traditional banking rails entirely, slicing through the usual delays and fees that have long been the hidden tax on moving money internationally.

Why This Move Matters Now

For Fireblocks, it's a massive validation of its enterprise security tech, now guarding the gates for a legacy remittance titan. For MoneyGram, it's a strategic leap into the digital asset arena, a move that could future-proof its business against a wave of crypto-native competitors. They're not just dipping a toe in; they're building a bridge for the next wave of digital cash flow.

The finance world's reaction? Likely a mix of intrigue and the usual cynical scoffing from traditionalists who still think blockchain is just a solution looking for a problem—conveniently ignoring that the 'problem' is their own costly, slow infrastructure.

This deal signals a concrete shift. It's no longer about if major financial players will adopt digital assets, but how fast they can scale it. The race to tokenize the world's money flows just hit a new gear.

TLDR

• MoneyGram will use Fireblocks to support real-time stablecoin settlement across several blockchains.
• The partnership aims to cut pre-funding needs and improve global liquidity flows.
• MoneyGram serves more than 50 million customers across over 200 territories.
• Fireblocks secures more than $5 trillion in digital asset transfers each year.

MoneyGram has selected Fireblocks to provide stablecoin infrastructure and real-time settlement tools across its global network. The move adds a new LAYER of speed to its payment flows, and it supports the company’s broader shift toward digital money movement. MoneyGram serves more than 50 million customers across over 200 territories, and this step aims to support rising demand for faster and cheaper transfers.

The payments provider said the partnership will help remove friction in settlement processes while reducing the need to hold large amounts of liquidity in local accounts. Fireblocks will supply the programmable layer that lets MoneyGram MOVE stablecoins across blockchains and reconcile transfers in real time.

Improving treasury operations with digital tools

MoneyGram plans to use Fireblocks’ infrastructure to manage internal settlement and liquidity movements with more control. The company expects this approach to bring more flexibility to its treasury operations because it can route value across chains without long delays. The system can also reduce the traditional pressure of pre-funding accounts in remote markets.

Fireblocks co-founder and CEO Michael Shaulov said, “MoneyGram is rebuilding the rails of cross-border settlement in real time. By moving to a multi-chain, programmable infrastructure, it’s upgrading the speed and reliability of global payments at the foundation layer.”

MoneyGram said its early work on digital currency on-ramps and compliance tools gave it an advantage as stablecoin adoption grew. Stablecoins have become more common across remittance channels, as senders want quick transfers and receivers use digital wallets more often.

Growing usage of stablecoins in remittance channels

Stablecoin use has expanded in the remittance market because it can offer faster settlement than many traditional systems. The regulatory framework introduced through the GENIUS Act in the United States also supported broader institutional adoption across the sector. As more companies explore these tools, MoneyGram aims to take a leading role in building always-on digital payment channels.

Anthony Soohoo, MoneyGram Chairman and CEO, said, “We are leading the next era of money movement by enabling money to move instantly across any channel – fiat or stablecoin.” The company said it plans to run stablecoin transfers in the background so users see quicker delivery times, especially when funds arrive in digital wallets backed by tokens such as USDC.

A move toward programmable settlement features

The new system may support expanded options later. The firms said they could add features such as programmable money, which could release funds only when set conditions are met. MoneyGram also expects more resilient liquidity paths once it connects to Fireblocks’ enterprise-grade network, which already secures more than $5 trillion in transfers each year.

This partnership continues MoneyGram’s plan to build digital tools around its global reach. In 2023, the company introduced a non-custodial wallet for simple conversion between fiat and crypto. The new collaboration marks another step as it shifts toward a model that can operate around the clock with fewer delays from local banking systems.