MoneyGram has become a validator on the Solana blockchain, marking a significant step in its expansion into crypto infrastructure. The remittance firm will help process transactions and secure the network, while also joining the Solana Developer Platform to build financial products. This move follows the launch of its MGUSD stablecoin on Stellar earlier this month and its recent role as an anchor validator on Tempo. CEO Anthony Soohoo emphasized the company's commitment to open, interoperable stablecoin rails for global payments.

Key facts

• MoneyGram becomes a Solana validator to process transactions and secure the network.
• The firm joins Solana Developer Platform to build financial products on the blockchain.
• MGUSD stablecoin launched on Stellar earlier this month via partnership with Bridge.
• MoneyGram also recently became an anchor validator on Tempo blockchain.
• CEO cites strategy to build on open, interoperable stablecoin rails.

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