Summary
MoneyGram's expansion of MoneyGram Ramps to the Solana blockchain reflects the convergence of traditional payments networks with stablecoin rails. By connecting Solana-based wallets, exchanges and DApps to its global cash network, MoneyGram addresses a persistent barrier to crypto adoption — converting digital assets into cash — while deepening its push into stablecoin-based payments and remittances.
Key Points
- The product: MoneyGram Ramps lets users convert cash into digital assets or cash out tokens through MoneyGram's payment network, without each crypto app building its own connections to banks and cash outlets. Ramps supports cash deposits in more than 25 countries and withdrawals across more than 170 countries and territories.
- The Solana expansion: MoneyGram extended Ramps to Solana, making it available to wallets, exchanges and developers building on the network. This follows MoneyGram becoming a Solana validator in June and joining the Solana Developer Platform — the third network where it operates an official validator, alongside Tempo and the Midnight Network.
- The strategic progression: MoneyGram has spent five-plus years building blockchain-based payment products. In 2022, it rolled out a USDC cash on/off-ramp with Stellar. In June 2026, it launched MGUSD, its own dollar-backed stablecoin issued by Bridge (Stripe's stablecoin infrastructure company) on the Stellar network.
- The CEO framing: CEO Anthony Soohoo: "The future of payments is built on access." He has also said, "We've never viewed blockchain as an end in itself. We've viewed it as a tool that can help us make money movement faster, simpler, and more accessible for customers around the world."
- The stablecoin context: The move comes as stablecoins are increasingly used beyond crypto trading, in payments and remittances. Fintechs, banks and payment companies are experimenting with dollar-pegged tokens to move money across borders without relying on chains of correspondent banks.
- The Open USD link: MoneyGram was also listed as a partner in Open USD, the Stripe-led stablecoin initiative that aims to share revenue with a consortium of backers.
- The significance: MoneyGram's strategy is to make blockchain rails work for its ~60 million active customers without requiring them to think about the technology. The Solana expansion of Ramps extends this — connecting digital assets into MoneyGram's extensive brick-and-mortar network to help everyday customers turn tokens into local cash. It reflects a broader institutional embrace of stablecoins as the base layer for cross-border payments, remittances, payouts and settlement.