MoneyGram teams up with Fireblocks for next-phase stablecoin expansion
Seeking to modernize cross-border payments, MoneyGram stablecoins adoption is expanding through a new partnership aimed at faster, cheaper settlement worldwide.
MoneyGram has entered a new collaboration with Fireblocks to deepen its use of stablecoins for cross-border settlement and to enhance its multi-asset treasury operations, according to a Thursday announcement. The move aligns with the companys ongoing strategy to modernize its infrastructure and support more efficient international money transfers.
The partnership will rely on Fireblocks secure infrastructure and programmable settlement layer to support stablecoin-based processes. Moreover, this integration is designed to help MoneyGram deliver low-cost, near-instant transactions across its global network by leveraging digital assets alongside traditional rails.
Global reach and stablecoin-driven innovation
As a major global payments provider, MoneyGram currently connects more than 200 countries and processes transfers numbering in the tens of millions each year. However, the company is increasingly focused on using blockchain-based assets to accelerate settlement while maintaining compliance and security across regulated markets.
CEO Anthony Soohoo described Fireblocks as a critical partner in the firms strategy to unify money movement across fiat and stablecoin systems. He emphasized that the goal is to ensure customers can send and receive value quickly, regardless of which payment channel or currency they choose.
“We are leading the next era of money movement by enabling money to move instantly across any channel – fiat or stablecoin,” Soohoo said in a statement. “Fireblocks accelerates this vision by giving us the secure, programmable infrastructure to transform global payments at scale.” This focus on instant transfers underscores MoneyGrams shift toward digital-native settlement flows.
Scaling programmable settlement and treasury capabilities
The collaboration builds on MoneyGrams early work in crypto, which has included pilots and offerings focused on digital currency access and settlement. That said, the new agreement is explicitly aimed at enabling scaled stablecoin solutions together with compliance-ready features that meet regulatory expectations in multiple jurisdictions.
Within this framework, the partners will concentrate on how a programmable settlement layer can support real-time global payments and more dynamic treasury management. In particular, the integration of moneygram stablecoins rails with Fireblocks technology is expected to streamline how liquidity is managed across different currencies and blockchains.
Fireblocks CEO Michael Shaulov highlighted that MoneyGram is effectively rebuilding its cross-border settlement rails in real time. “By moving to a multi-chain, programmable infrastructure, it is 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,” Shaulov said, pointing to the operational benefits for end users.
Infrastructure for instant, flexible value transfer
MoneyGram executives also underscored that both consumer remittances and institutional flows now demand faster, more flexible infrastructure. Moreover, competition from digital-first payment providers is pushing legacy players to improve user experience while controlling costs in an increasingly crowded market.
Luke Tuttle, MoneyGram Chief Product and Technology Officer, stressed that the company must meet expectations on both sides of the network: consumers who depend on remittances and partners who need reliable settlement. He explained that this requires infrastructure capable of moving value instantly, flexibly and at lower cost across borders.
“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,” Tuttle said. However, he also implied that regulatory and compliance considerations remain central to how these systems are deployed.
Overall, the partnership reinforces MoneyGrams push toward real-time, low-cost digital settlement while leveraging Fireblocks technology to support secure, scalable stablecoin functionality for international payments.