MoneyGram Brings Global Crypto-to-Cash Ramps to Solana
MoneyGram Ramps is now available to Solana wallets, exchanges and developers, connecting digital assets with cash deposits in more than 25 countries and withdrawals across more than 170 countries and territories.
MoneyGram is expanding its blockchain payments strategy with the launch of MoneyGram Ramps on Solana, giving wallets, exchanges and developers access to the company’s global cash network. The service connects digital assets with local currencies without requiring each crypto application to build its own banking and cash-out infrastructure.
Cash Access Across Solana
MoneyGram Ramps enables users to move between cash and digital assets through MoneyGram’s payment network. A user holding crypto in a supported Solana wallet can convert those assets into local currency, while customers can also deposit cash to obtain digital assets.
The company said the service supports:
- Cash deposits in more than 25 countries.
- Cash withdrawals across more than 170 countries and territories.
- Integrations for wallets, exchanges and developers building on Solana.
By connecting on-chain assets to a physical network of payment outlets, MoneyGram is targeting users who may want the benefits of digital dollars without needing to understand the underlying blockchain technology. The company serves roughly 60 million active customers and has positioned blockchain rails as a way to make cross-border transfers faster, cheaper and easier to track.
MoneyGram CEO Anthony Soohoo described the Solana integration as part of a broader effort to build an open global payments network, saying that “the future of payments is built on access.”
MoneyGram’s Stablecoin Strategy
The Solana rollout extends several years of work connecting MoneyGram’s traditional transfer infrastructure with crypto markets. In 2022, the company partnered with the Stellar Development Foundation to let users exchange cash and Circle’s USDC through MoneyGram’s retail network.
MoneyGram expanded that strategy in June by announcing MGUSD, its own dollar-backed stablecoin. MGUSD is issued by Bridge, the stablecoin infrastructure company owned by Stripe, on the Stellar network.
The company has also strengthened its relationship with Solana beyond payments access. In June, MoneyGram became a Solana validator, helping process and secure transactions on the network. It was also listed as a partner in Open USD, a Stripe-led stablecoin initiative designed to share revenue among a consortium of backers.
What This Means
MoneyGram’s Solana integration gives the network a major mainstream distribution partner for crypto-to-cash transfers and stablecoin-based payments. For Solana applications, the service could reduce the operational burden of connecting users to banks, cash outlets and local-currency payout systems.
The move also underscores the growing role of stablecoins in payments and remittances rather than purely in crypto trading. If adoption expands, Solana could become more accessible to users who need practical cash entry and exit points, while MoneyGram gains another blockchain rail for its cross-border payments strategy.