MoneyGram Partners with Fireblocks to Revolutionize Stablecoin Payments in 2025

• Why Is MoneyGram Adopting Fireblocks for Stablecoin Payments?
• How Will Fireblocks Enhance MoneyGram’s Services?
• What Are the Benefits of Stablecoin Payments?
• How Does This Impact the Fintech Industry?
• What’s Next for MoneyGram and Fireblocks?
• FAQs

In a groundbreaking move, MoneyGram has teamed up with Fireblocks to expand its stablecoin payment infrastructure, aiming to transform cross-border transactions with faster, cheaper, and more secure settlements. This partnership leverages Fireblocks' robust on-chain infrastructure, which already processes over $5 trillion annually, to enhance MoneyGram's global remittance network. Here’s a DEEP dive into what this means for the future of payments.

Why Is MoneyGram Adopting Fireblocks for Stablecoin Payments?

MoneyGram, one of the world’s largest payment platforms, is integrating Fireblocks' technology to enable real-time settlements using stablecoins. This collaboration will connect over 200 countries, 20,000 payment gateways, and nearly half a million retailers, streamlining international transfers for MoneyGram’s 50 million users. The key advantage? Lower costs and instant settlements, bypassing traditional banking delays.

How Will Fireblocks Enhance MoneyGram’s Services?

Fireblocks brings its secure, programmable infrastructure to MoneyGram, enabling multi-chain stablecoin transfers. This reduces the need for capital reserves by opting for instant stablecoin payments. Additionally, Fireblocks' integration with exchanges like BTCC will boost liquidity, allowing seamless conversions between fiat and digital currencies. "We’re rebuilding the foundation of global payments," says Michael Shaulov, CEO of Fireblocks.

What Are the Benefits of Stablecoin Payments?

Stablecoins now account for 30% of all crypto transactions, thanks to their speed and low fees. MoneyGram aims to replicate the efficiency of crypto wallets for cross-border payments while handling the final conversion to fiat. This approach also helps users avoid taxes like the proposed 5% remittance fee in some regions.

Stablecoin transactions peaked in 2025, driven by demand for instant settlements. | Source: Visa Onchain Analytics

How Does This Impact the Fintech Industry?

The partnership signals a shift toward blockchain-based solutions in traditional finance. With Fireblocks serving 1,800 organizations and securing 550 million digital wallets, its infrastructure is poised to scale MoneyGram’s operations globally. "This is the next era of money movement," says MoneyGram CEO Anthony Soohoo.

What’s Next for MoneyGram and Fireblocks?

MoneyGram plans to leverage existing stablecoin liquidity pools, simplifying settlements and expanding its reach. Fireblocks’ programmable LAYER ensures compliance with local regulations, a critical factor for MoneyGram’s diverse markets. The collaboration could set a precedent for other payment giants to follow.

FAQs

How does Fireblocks improve MoneyGram’s payment speed?

Fireblocks’ multi-chain infrastructure enables instant stablecoin transfers, eliminating traditional banking delays.

Which exchanges support MoneyGram’s stablecoin conversions?

MoneyGram integrates with exchanges like BTCC for liquidity, ensuring seamless fiat conversions.

Are stablecoin transactions taxable?

Currently, stablecoins avoid certain taxes like the 5% remittance fee proposed in some regions.