Snapshot from Aug 24, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / MoneyGram Ramps launches on Solana
Business product launch

MoneyGram Ramps launches on Solana

Analysis based on 10 articles · First reported Aug 11, 2026 · Last updated Aug 12, 2026

Sentiment
45
Attention
4
Articles
10
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The launch strengthens MoneyGram's position in the digital asset space, potentially increasing transaction volumes and revenue from crypto-to-cash conversions. It also enhances Solana's utility as a blockchain for payments, attracting developers and users, which could positively impact SOL's value and ecosystem growth.

Financial Services Cryptocurrency Blockchain
Event Summary

On August 11, 2026, MoneyGram announced that its MoneyGram Ramps service is now live natively on the Solana blockchain, enabling wallets, exchanges, and developers to connect digital assets with MoneyGram's fiat infrastructure through a single API. The service supports cash deposits in over 25 countries and crypto-to-cash withdrawals in more than 170 countries and territories. Rift became the first Solana wallet to integrate the service. This launch follows MoneyGram's earlier moves into Solana infrastructure, including becoming a validator in June and joining the Solana Developer Platform. MoneyGram also continues its multichain strategy with its MGUSD stablecoin on Stellar, issued by Bridge, a Stripe company. The expansion reflects a broader trend of traditional payment companies integrating stablecoins and blockchain settlement, with Western Union also developing a stablecoin strategy on Solana. MoneyGram CEO Anthony Soohoo emphasized the company's focus on access, stating 'The future of payments is built on access.'

Key Actions
90 MoneyGram launched Ramps on Solana Avalanche
70 Rift integrated Ramps service MoneyGram
70 MoneyGram launched MGUSD stablecoin Stellar
60 MoneyGram became Solana validator Avalanche
50 MoneyGram joined Open USD initiative Open USD
40 Western Union developing stablecoin strategy Avalanche
Entities Involved
stock
MoneyGram
MoneyGram is the central actor, launching its Ramps service on Solana to expand its digital asset infrastructure. This move enhances its competitive position in the stablecoin and crypto payments space, potentially driving growth.
Importance 100.0 Sentiment 60.0
crypto
Avalanche
Solana gains a major fiat on/off-ramp integration, increasing its attractiveness for payment applications and potentially boosting network usage and SOL demand.
Importance 90.0 Sentiment 70.0
priv
Rift
Rift is the first Solana wallet to integrate MoneyGram Ramps, enhancing its value proposition for users seeking fiat conversion, potentially increasing its user base.
Importance 60.0 Sentiment 55.0
priv
Solana Developer Platform
The Solana Developer Platform now includes MoneyGram Ramps in its payments module, providing developers with fiat on/off-ramp tools, enhancing the platform's appeal.
Importance 60.0 Sentiment 60.0
crypto
MGUSD
MGUSD is MoneyGram's stablecoin on Stellar, and while not directly part of the Solana launch, it benefits from MoneyGram's broader multichain strategy.
Importance 50.0 Sentiment 45.0
ngo
Lumina Foundation
The Lumina Foundation facilitated MoneyGram's integration as a validator and SDP partner, strengthening the Solana ecosystem's payment infrastructure.
Importance 50.0 Sentiment 60.0
crypto
Stellar
Stellar remains the native home of MGUSD, but the Solana launch does not directly affect it. It continues to serve as a key blockchain for MoneyGram's stablecoin.
Importance 40.0 Sentiment 30.0
stock
Western Union
Western Union is a competitor also building on Solana with its own stablecoin strategy. MoneyGram's launch intensifies competition in the crypto payments space.
Importance 40.0 Sentiment 30.0
crypto
USDC (cryptocurrency)
USDC (cryptocurrency) is a key stablecoin supported by MoneyGram Ramps, and the Solana integration provides a direct cash-out channel in over 170 countries, boosting its utility.
Importance 40.0 Sentiment 50.0
per
Anthony Soohoo
Anthony Soohoo, as CEO, is the public face of MoneyGram's blockchain strategy, articulating the company's vision of access-driven payments.
Importance 40.0 Sentiment 50.0
priv
Circle Internet Group
Circle's USDC (cryptocurrency) is supported by MoneyGram Ramps, and the Solana launch expands USDC (cryptocurrency)'s cash-out options, potentially increasing USDC (cryptocurrency) usage.
Importance 30.0 Sentiment 45.0
priv
Bridge
Bridge, as the issuer of MGUSD, is indirectly involved in MoneyGram's blockchain expansion, benefiting from increased stablecoin adoption.
Importance 30.0 Sentiment 40.0
priv
Stripe
Stripe, through its ownership of Bridge, is indirectly involved in MoneyGram's stablecoin initiatives, potentially benefiting from the growth of stablecoin payments.
Importance 30.0 Sentiment 40.0
crypto
Open USD
Open USD is a Stripe-led stablecoin initiative that MoneyGram joined, indicating broader industry collaboration. The Solana launch aligns with its goals.
Importance 30.0 Sentiment 40.0
ngo
Stellar Development Foundation
The Stellar Development Foundation has a long-standing partnership with MoneyGram, and while the Solana launch is separate, it remains part of MoneyGram's multichain strategy.
Importance 30.0 Sentiment 30.0
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