MoneyGram partnered with payments-focused blockchain Tempo to assist stablecoin settlement and assist validate remittance transactions on the community, as remittance corporations more and more undertake blockchain expertise for cross-border transfers.
The businesses stated Stripe plans to settle transactions to MoneyGram utilizing Tempo’s infrastructure as a part of efforts to maneuver treasury and cost flows onto stablecoin rails.
Tempo is a Layer 1 blockchain incubated by Stripe and Paradigm that focuses on stablecoin transfers and cross-border funds. In April, Visa turned an early validator on Tempo, alongside corporations together with Stripe and Zodia Custody.
MoneyGram stated it would function an “anchor remittance validator” on the community, serving to validate transactions as the corporate expands its function from utilizing blockchain networks to serving to function them immediately.
Stablecoins have been recognized as a “potential treatment” to friction in cross-border funds, the US Federal Reserve stated in a March 30 FEDS Notes. MoneyGram and its rival Western Union dominate the sector, which the Fed stated “is mostly seen as slower, dearer, and never very clear to end-users relative to home funds.”
Remittance corporations deepen stablecoin and blockchain push
The world’s largest remittance corporations are more and more increasing into stablecoins and blockchain-based cost infrastructure.
MoneyGram lately partnered with crypto trade Kraken to let customers convert digital belongings into money for pickup via the corporate’s retail payout community. Kraken stated the service would initially deal with money withdrawals earlier than increasing into financial institution deposits and cross-border payouts.
In March, Western Union partnered with Crossmint to assist its deliberate Digital Asset Community, which is designed to hyperlink stablecoins with the corporate’s international payout infrastructure. In current weeks, the corporate started rolling out its dollar-pegged USDPT token on the Solana (SOL) blockchain, starting in Bolivia and the Philippines, with the expectation of increasing the stablecoin to greater than 40 nations subsequent yr.
In Latin America, the place remittances play a significant function in family revenue and cross-border funds, stablecoins have grow to be an more and more well-liked instrument for dollar-based transfers and financial savings.
A report from Mexico-based crypto trade Bitso printed in April discovered that stablecoins accounted for 40% of crypto purchases on the platform in 2025, surpassing Bitcoin for the primary time amongst its practically 10 million customers throughout the area.
World Financial institution information exhibits traditonal international remittance charges averaged 6.36% within the third quarter of 2025, greater than double the United Nations’ goal of three%.
Supply: Worldbank.org
