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On June 22, 2026, <\/span>MoneyGram<\/b> announced it had become an active <\/span>validator<\/b> on the Solana network and joined the <\/span>Solana Developer Platform (SDP)<\/b>, pushing the cross-border money transfer company deeper into blockchain infrastructure for payments. MoneyGram stated this is part of its strategy to build open and interoperable stablecoin infrastructures.<\/span><\/p>\n However, the announcement did not specify any new remittance services on Solana, deployment corridors, the stablecoins to be used, launch timelines, or user fees.<\/span><\/p>\n Five years of integrating blockchain into how we move money. Today, we go deeper.<\/p>\n MoneyGram \ud83e\udd1d @Solana<\/a><\/p>\n MoneyGram is now an active validator on Solana and has joined Solana Developer Platform. pic.twitter.com\/7fvAIOE5OT<\/a><\/p>\n \u2014 MoneyGram (@MoneyGram) June 22, 2026<\/a><\/p>\n<\/blockquote>\n Most users know MoneyGram as an international money sending and receiving service. Operating a validator places MoneyGram in a different role: participating in Solana\u2019s infrastructure layer, where payment applications and financial services can be built.<\/span><\/p>\n In its June 22 <\/span>press release<\/span><\/a>, MoneyGram stated that the company is staking SOL, processing blocks, and supporting network security. On Solana, validators validate transactions and help operate the network under a proof-of-stake mechanism. The influence of a validator in this mechanism depends on the amount of SOL staked. MoneyGram\u2019s announcement did not disclose the validator address or the scale of the SOL stake, so the impact of this node within the validator set cannot be independently assessed.<\/span><\/p>\n Luke Tuttle, Chief Product and Technology Officer at MoneyGram, also stated that the company will stake SOL, process blocks, and support network security at the protocol level. This marks a shift from integrating blockchain technology into payment operations to directly participating in operating a part of a public blockchain infrastructure.<\/span><\/p>\n Along with its validator role, MoneyGram has joined the SDP, an API platform aimed at institutions looking to issue digital assets, integrate payments, and build financial products on Solana. According to the <\/span>Solana Foundation<\/span><\/a>, the SDP is designed to help enterprises build and deploy financial services on the blockchain with the right tools for operational and compliance needs.<\/span><\/p>\n Prior to MoneyGram, Mastercard, Western Union, and Worldpay joined the SDP from an early stage, showing that Solana is positioning the SDP as a tool for financial and payment institutions to build on-chain products. With over <\/span>60 million active customers <\/b>globally and nearly <\/span>500,000 retail agent locations<\/b>, according to MoneyGram, the company can bring large-scale remittance operational experience to the SDP when developing subsequent products.<\/span><\/p>\n The global average cost of sending money remained at <\/span>6.36%<\/b> in the third quarter of 2025, according to the <\/span>World Bank\u2019s Remittance Prices Worldwide report<\/span><\/a>. The fees customers pay come not only from transaction settlement but are also influenced by foreign exchange spreads, compliance checks, liquidity, and cash payout networks in the receiving country.<\/span><\/p>\n In this context, MoneyGram operating a Solana validator does not in itself reduce money transfer fees. Validators support transaction validation and network operations, but do not determine the price of a remittance transaction, the applicable exchange rates, or how customers receive money in each market.<\/span><\/p>\n The potential value lies in the back-end operations of customer transactions. If MoneyGram uses stablecoins to settle with partners faster or manage liquidity more efficiently, the company could improve operational costs and capital efficiency. But these benefits do not automatically translate into lower fees for senders.<\/span><\/p>\n Solana is not the only blockchain in MoneyGram\u2019s stablecoin strategy. On June 2, the company launched <\/span>MGUSD<\/b>, a USD stablecoin issued natively on Stellar. In its Solana announcement, MoneyGram also stated that blockchain and stablecoins have been integrated into the company\u2019s treasury operations, product development, and payments for years.<\/span><\/p>\n Introducing MGUSD. Natively issued on @StellarOrg<\/a>.\n
From User to Operator<\/b><\/h2>\n
Why Solana<\/b><\/h2>\n
Remittance Economics<\/b><\/h2>\n
A Multi-Chain Strategy<\/b><\/h2>\n
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MoneyGram’s native U.S. dollar stablecoin.<\/p>\n
Built with @Stablecoin<\/a>, @M0<\/a> and @FireblocksHQ<\/a>.
Live in the U.S. today. pic.twitter.com\/GWW3XtNrf6<\/a><\/p>\n