The remittance company has taken on the role of validator within the Solana blockchain, facilitating transaction processing and enhancing its stablecoin payment initiatives.
By Krisztian Sandor|Edited by Cheyenne Ligon Jun 22, 2026, 1:53 p.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on MoneyGram app (MoneyGram)SummaryShow- MoneyGram has assumed the role of validator on Solana, aiding in transaction processing and enhancing the blockchain's security.
- This development follows the introduction of MoneyGram's MGUSD stablecoin on Stellar earlier this month.
On Monday, MoneyGram announced its new role as a validator on the Solana (SOL) blockchain, marking another advancement in the remittance firm's strategy to expand its operations within the cryptocurrency sector.
By fulfilling the validator function, MoneyGram will assist in processing transactions and securing the Solana proof-of-stake network, becoming integral to the network's operational framework.
The firm has also joined the Solana Developer Platform, which is designed to support institutions in creating financial products utilizing the blockchain.
This initiative comes shortly after MoneyGram launched its MGUSD stablecoin on the Stellar blockchain, underscoring the company's increasing dedication to blockchain payment systems. Following years of integrating cryptocurrency into its remittance and settlement processes, MoneyGram is now taking a more proactive approach in the networks that underpin these services.
According to CEO Anthony Soohoo, "MoneyGram has spent the past several years integrating blockchain into our payment infrastructure, and everything we are building now leverages this foundation. We believe the future of global money movement will be built on open, interoperable stablecoin rails that anyone, anywhere can access."
MoneyGram's participation with Solana is indicative of a broader strategy to develop on open blockchain networks instead of depending on a single chain.
Its MGUSD stablecoin was launched on Stellar through a collaboration with Stripe-owned Bridge, and the company has recently partnered with payments-centric blockchain Tempo as an anchor validator.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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