Points of Focus

• MoneyGram became an active validator on Solana and joined the Solana Developer Platform.
• The remittance company serves more than 60 million customers through nearly 500,000 locations worldwide.
• MoneyGram is extending its stablecoin strategy by helping secure the blockchain infrastructure used by its payment services.

MoneyGram has spent years using blockchain networks to move stablecoins between digital wallets and cash pickup locations. It is now taking a role in maintaining one of those networks after becoming an active validator on Solana.

The payments company announced Monday that it had joined Solana’s validator set and the Solana Developer Platform (SDP), extending a blockchain strategy that already includes stablecoin products, cash access services, and validators on Tempo and Midnight. The move allows MoneyGram to participate in processing transactions and securing a network that has emerged as a major venue for stablecoin transfers.

For a company that reaches more than 60 million customers through nearly 500,000 retail locations, validator participation represents a deeper level of involvement than previous efforts centered on payouts and cash conversion. Few companies entering Solana’s validator set operate a global cash distribution network of comparable scale, giving MoneyGram firsthand insight into the infrastructure supporting services it already uses.

BREAKING: @MoneyGram has joined Solana Developer Platform (SDP) as an infrastructure partner and is now an active validator on Solana. pic.twitter.com/cHQ1b0pzAl

— Solana (@solana) June 22, 2026

MoneyGram adds infrastructure role on Solana

Validators help keep proof-of-stake (PoS) blockchains running by staking tokens, producing blocks, and confirming transactions. MoneyGram chief product and technology officer Luke Tuttle said validator participation places the company within Solana’s consensus process, where it stakes Solana (SOL), processes blocks, and helps maintain infrastructure supporting its payment services.

MoneyGram also joined SDP, an API-driven platform designed to help enterprises build financial applications on Solana. According to Solana, SDP provides access to stablecoin issuance, token extensions, and on- and off-ramp orchestration through a single integration. The platform aims to reduce the complexity of connecting multiple service providers by giving businesses a unified gateway for launching payment, treasury, and settlement products onchain.

The company joins Mastercard and other early participants in SDP, which Solana describes as a platform for enterprises building payment, settlement, and stablecoin applications.

Stablecoin products continue expanding across networks

MoneyGram’s validator launch builds on more than five years of blockchain development. The company has worked with Stellar since 2021 to provide stablecoin cash on- and off-ramps, an API supporting those services, and in-app stablecoin balances.

Earlier this year, MoneyGram launched its MGUSD stablecoin on Stellar with support from Bridge, Crossmint, Fireblocks, and M0. It also expanded off-ramp capabilities through a partnership with Kraken.

Joining Solana doesn’t alter MoneyGram’s broader blockchain strategy. MGUSD remains issued on Stellar, and the company’s cash access products continue to rely on Stellar infrastructure. 

Solana becomes the third network where MoneyGram operates an official validator after Tempo and Midnight.