MoneyGram partners with Fireblocks to enhance global payments with stablecoins
The partnership strengthens MoneyGram’s early work in stablecoin utility.
Key Takeaways
- MoneyGram announced a partnership with Fireblocks to expand stablecoin-based settlement and multi-asset treasury operations across its global network.
- The initiative supports MoneyGram’s push toward faster payments and real-time financial workflows.
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MoneyGram has joined forces with Fireblocks to deepen its use of stablecoins for cross-border settlement and strengthen multi-asset treasury processes, according to a Thursday announcement.
The collaboration, which utilizes Fireblocks’ secure stablecoin infrastructure and programmable settlement layer, aims to enhance MoneyGram’s ability to deliver low-cost, near-instant transactions across its global network.
As a major global payments provider, MoneyGram connects more than 200 countries and processes transfers of tens of millions each year. CEO Anthony Soohoo described Fireblocks as a crucial enabler of MoneyGram’s strategy to unify money movement across fiat and stablecoin rails.
“We are leading the next era of money movement by enabling money to move instantly across any channel – fiat or stablecoin,” said Soohoo in a statement. “Fireblocks accelerates this vision by giving us the secure, programmable infrastructure to transform global payments at scale.”
The partnership builds on MoneyGram’s early crypto investments, enabling scaled stablecoin solutions and compliance-ready digital currency features.
“MoneyGram is rebuilding the rails of cross-border settlement in real time,” said Fireblocks CEO Michael Shaulov. “By moving to a multi-chain, programmable infrastructure, it’s upgrading the speed and reliability of global payments at the foundation layer – where it matters most for the people who rely on these payments every day.”
“Continuing to meet both sides requires infrastructure that can move value instantly, flexibly and at lower cost. As such, we have implemented Fireblocks to provide the infrastructure strong enough to power stablecoin solutions at global scale,” said Luke Tuttle, MoneyGram Chief Product and Technology Officer.
