MoneyGram joins Solana as validator, expanding role in blockchain infrastructure
MoneyGram has become a validator on Solana, staking SOL and helping process and secure transaction blocks. It also joined the Solana Developer Platform, which supports companies building financial apps on the network. The company says it now uses blockchain infrastructure and stablecoins across treasury, product development and payments after more than five years of digital-asset integration, serving over 60 million customers through nearly 500,000 retail locations worldwide. The move reflects broader remittance-sector adoption of stablecoins. Western Union launched its dollar-backed USDPT stablecoin on Solana in May, aiming to expand it globally in 2026 and reduce the costs of prefunding, idle capital and banking fees in cross-border transfers. Stablecoins are also increasingly used for treasury and settlement, with Bitso reporting strong growth in institutional stablecoin volumes in Latin America.
