MoneyGram Ramps launches on Solana for global cash-to-crypto access

On August 11, 2026, MoneyGram announced the expansion of its cash-to-crypto service, MoneyGram Ramps, to the Solana blockchain. This integration allows Solana-based wallets, exchanges, and developers to connect directly to MoneyGram's global cash network, enabling users to convert between cash and digital assets. The service supports deposits in over 25 countries and withdrawals in over 170 countries. This move builds on MoneyGram's existing blockchain initiatives, including its Stellar integration, the MGUSD stablecoin, and becoming a Solana validator.

MoneyGram Ramps Solana integration

• ▪MoneyGram CEO Anthony Soohoo stated on August 11, 2026, that bringing MoneyGram Ramps to Solana is a step toward building an open, global payments network.
• ▪MoneyGram announced on August 11, 2026, that its cash-to-crypto service, MoneyGram Ramps, is now available to wallets, exchanges, and developers building on the Solana blockchain.
• ▪The integration of MoneyGram Ramps with Solana allows users holding cryptocurrency in supported wallets to convert digital assets into local currency or deposit cash to access digital assets.

Cash-to-crypto conversion infrastructure

• ▪MoneyGram Ramps enables cryptocurrency applications to connect to MoneyGram's payment network without requiring each application to build its own connections to banks and cash outlets.
• ▪MoneyGram Ramps supports cash deposits in more than 25 countries and cash withdrawals across more than 170 countries and territories.
• ▪MoneyGram, which serves approximately 60 million active customers, utilizes blockchain rails to facilitate faster, cheaper, and more easily trackable cross-border transfers.

Stablecoin payment adoption

• ▪Fintechs, banks, and payment companies are increasingly utilizing dollar-pegged stablecoins to move money across borders without relying on traditional chains of correspondent banks.
• ▪MoneyGram was listed as a partner in Open USD, a stablecoin initiative led by Stripe that aims to share revenue with a consortium of backers.

MoneyGram blockchain partnerships

• ▪In 2022, MoneyGram rolled out a service with the Stellar Development Foundation allowing users to convert between cash and Circle's USDC stablecoin through its retail network.
• ▪MoneyGram deepened its relationship with the Solana network by becoming a validator to help process and secure transactions in June 2026.

MGUSD stablecoin launch

• ▪In June 2026, MoneyGram launched MGUSD, its own dollar-backed stablecoin issued by Stripe-owned infrastructure company Bridge on the Stellar network.
• ▪The launch of the MGUSD stablecoin on the Stellar network in June 2026 was part of MoneyGram's broader strategy to connect traditional payments with digital assets.