Cross-border payments giant MoneyGram chooses Fireblocks to handle stablecoin settlement

PANews reported on December 4 that according to The Block, Fireblocks will begin processing stablecoin settlements for global remittance service company MoneyGram. Fireblocks co-founder and CEO Michael Shaulov said in a statement: "MoneyGram is rebuilding the cross-border settlement track in real time. By moving to a multi-chain, programmable infrastructure, MoneyGram is improving the speed and reliability of global payments from a fundamental level." MoneyGram is positioning itself as a staunch supporter of the blockchain payment track. The company said in a release that its early investments in "digital currency deposits and withdrawals and crypto compliance infrastructure" gave it a "first-mover advantage."
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