The remittances firm has become a validator on the Solana blockchain, helping process and secure transactions as it expands its stablecoin payments strategy.
MoneyGram has taken another step deeper into blockchain infrastructure, announcing Monday that it’s now operating as a validator on the Solana (SOL) network. The move continues the remittance giant’s broader push to build its payment services around stablecoins and blockchain rails.
As a validator, MoneyGram will play a direct role in processing transactions and securing Solana’s proof-of-stake network — effectively becoming part of the backbone that keeps the chain running. Alongside this, the company has also joined the Solana Developer Platform, a program designed to help institutions build and launch financial products on top of Solana.
This announcement comes just weeks after MoneyGram rolled out its own stablecoin, MGUSD, on the Stellar network — another clear signal that the company is doubling down on blockchain-based payments rather than treating crypto as a side project. After years spent weaving blockchain technology into its remittance and settlement operations, MoneyGram now appears to be shifting from simply using these networks to actively helping run them.
“MoneyGram has spent the past several years integrating blockchain into our payment infrastructure, and everything we are building now leverages this foundation,” said CEO Anthony Soohoo. “We believe the future of global money movement will be built on open, interoperable stablecoin rails that anyone, anywhere can access.”
According to the company, its move into the Solana ecosystem reflects a deliberate, multi-chain strategy rather than a bet on any single network. MGUSD, for instance, was launched on Stellar through a partnership with Stripe-owned Bridge, while MoneyGram also recently became an anchor validator on the payments-focused Tempo blockchain — making Solana the third network where the company now runs official validator infrastructure.
Leave a Reply