MoneyGram has become a validator on the Solana blockchain. The remittances firm said the move supports its expanding stablecoin payments strategy.
MoneyGram said Monday it has become a validator on the Solana blockchain. By operating a validator, the company will help process transactions and secure the proof-of-stake network.
The firm also joined the Solana Developer Platform. This step follows the launch of its MGUSD stablecoin on the Stellar blockchain earlier this month.
"MoneyGram has spent the past several years integrating blockchain into our payment infrastructure," CEO Anthony Soohoo said. "We believe the future of global money movement will be built on open, interoperable stablecoin rails that anyone, anywhere can access."
MoneyGram said its involvement with Solana reflects a strategy of building on multiple open blockchain networks rather than relying on a single chain.
