Particle.news
Download on the App Store

MoneyGram Partners With Fireblocks to Bring Stablecoin Settlement to Global Network

Fireblocks will provide a programmable stablecoin layer for near-instant settlement across multiple blockchains.

Overview

  • MoneyGram announced a confirmed collaboration on Dec. 4 to expand stablecoin-based settlement and multi-asset treasury operations using Fireblocks.
  • Fireblocks’ secure, programmable infrastructure is intended to deliver low-cost transfers with near-instant settlement across multiple chains.
  • The partnership targets treasury improvements including real-time liquidity monitoring, reduced pre-funding needs, and streamlined reconciliation.
  • MoneyGram plans to fold its prior crypto on- and off-ramp work and compliance tooling into a scalable, multi-chain stablecoin solution.
  • Company leaders cast the move as an upgrade to cross-border settlement rails for a network in 200+ countries, with rollout details and third-party results not yet disclosed.