MoneyGram Partners with Fireblocks to Revolutionize Stablecoin Payments in 2025
- Why Is MoneyGram Betting Big on Stablecoins?
- How Does Fireblocks Enhance MoneyGram’s Security?
- What’s Driving the Stablecoin Surge in 2025?
- Can This Partnership Disrupt Traditional Remittances?
- FAQs: MoneyGram and Fireblocks’ Stablecoin Strategy
In a groundbreaking move, MoneyGram has teamed up with Fireblocks to supercharge its stablecoin payment infrastructure, enabling faster, cheaper, and more secure cross-border transactions. This collaboration leverages Fireblocks' robust on-chain infrastructure, which already processes over $5 trillion annually, to transform how money moves globally. With stablecoins now accounting for 30% of all crypto transactions in 2025, this partnership couldn’t be timelier.
Why Is MoneyGram Betting Big on Stablecoins?
MoneyGram, a global payments leader with 50 million users, is tapping into the explosive growth of stablecoins to streamline cross-border transfers. By integrating Fireblocks' multi-chain infrastructure, MoneyGram can now offer real-time settlements across 170 countries, 20,000 payment portals, and nearly half a million retailers. The key advantage? Avoiding hefty fees—like the 5% tax on traditional remittances imposed by Trump’s customs reform—while ensuring compliance with local regulations. As Anthony Soohoo, MoneyGram’s CEO, puts it: "We’re ushering in the next era of money transfer, whether it’s fiat or stablecoins."
How Does Fireblocks Enhance MoneyGram’s Security?
Fireblocks isn’t just about speed—it’s a fortress for digital assets. The platform’s programmable settlement LAYER adds bulletproof security to MoneyGram’s stablecoin operations, safeguarding transactions across 550 million wallets. Michael Shaulov, Fireblocks’ CEO, highlights how this "programmable multi-chain infrastructure" elevates reliability for end-users who depend on daily remittances. Plus, Fireblocks’ seamless exchange integrations boost liquidity without disrupting MoneyGram’s user experience.
What’s Driving the Stablecoin Surge in 2025?
Stablecoins have emerged as crypto’s "killer app" this year, thanks to their instant settlements and low volatility. Fintech apps and users alike are ditching slow wire transfers for crypto wallets, and MoneyGram is adapting by mimicking wallet-like speed—though it still handles the final conversion to spendable fiat. According to CoinMarketCap data, the total market cap of stablecoins has ballooned to $180 billion, with Tether (USDT) and USD Coin (USDC) leading the pack.
Can This Partnership Disrupt Traditional Remittances?
Absolutely. By slashing the need for capital reserves and tapping into existing liquidity pools, MoneyGram reduces costs for end-users. For context, the World Bank estimates global remittance fees average 6.2%—a pain point this collaboration directly addresses. As Shaulov notes, rebuilding cross-border payments with programmable chains isn’t just innovative; it’s "where it matters most for people relying on daily transfers."
FAQs: MoneyGram and Fireblocks’ Stablecoin Strategy
How many countries will support MoneyGram’s stablecoin payments?
Initially, 170 countries will have access, with plans to expand further.
What stablecoins are supported?
While specifics aren’t disclosed, Fireblocks’ infrastructure accommodates multi-chain transfers, likely including USDT and USDC.
Does BTCC support these stablecoins?
Yes! BTCC, a leading crypto exchange, lists major stablecoins for trading.
