rewrite this title MoneyGram Teams with Fireblocks to Upgrade its Rails with Stablecoins – Finovate

MoneyGram is partnering with Fireblocks to introduce stablecoin-based settlement across its global payments network, enabling faster, lower-cost transactions and real-time liquidity management.

Fireblocks’ blockchain infrastructure will power a programmable settlement layer that streamlines reconciliation, reduces pre-funding needs, enhances treasury operations, and supports large-scale stablecoin flows.

As a legacy payments giant adopts digital-asset rails, fiat-backed stablecoins are becoming core infrastructure for cross-border payments and corporate treasury.

Cross-border payments network MoneyGram is taking a step toward modernizing its global settlement infrastructure by partnering with Fireblocks to bring stablecoin-based settlement into its core treasury processes. The collaboration aims to enable faster payments, lower costs, and real-time liquidity across MoneyGram’s worldwide network.

Fireblocks is a blockchain infrastructure and security platform designed for storing, transferring, and issuing digital assets. Founded in 2018 and headquartered in New York, the company’s suite of digital asset tools includes treasury management, wallets-as-a-service, payments, and tokenization. Fireblocks also offers stablecoin infrastructure that enables institutions to seamlessly move, hold, manage, and issue stablecoins with enterprise-grade security.

Founded in 1940, MoneyGram serves 50 million clients annually with its payment network that connects over 200 countries and territories, 20,000 corridors, and close to 500,000 retail locations.

“We are leading the next era of money movement by enabling money to move instantly across any channel—fiat or stablecoin,” said MoneyGram Chairman and CEO Anthony Soohoo. “Fireblocks accelerates this vision by giving us the secure, programmable infrastructure to transform global payments at scale.”

The company will use Fireblocks’ stablecoin infrastructure to create a programmable settlement layer to help reduce capital requirements with pre-funding partners through continuous funding, receive stablecoin payments at scale from its partners, improve access to liquidity pools across global entities, streamline reconciliation and financial reporting for stablecoin operations, and improve treasury operations. MoneyGram will also use Fireblocks to help introduce programmable money and more resilient liquidity pathways.

“MoneyGram is rebuilding the rails of cross-border settlement in real time,” said Fireblocks Co-Founder and CEO Michael Shaulov. “By moving to a multi-chain, programmable infrastructure, it’s upgrading the speed and reliability of global payments at the foundation layer—where it matters most for the people who rely on these payments every day.”

For a long-standing, traditional player like MoneyGram, teaming up with Fireblocks pivots the company from traditional correspondent-bank rails toward a modern, agile payments infrastructure. Today’s partnership is an example of how fiat-backed stablecoins are becoming core plumbing for global payments and corporate treasury operations. It shows that stablecoins could provide instant, reliable, low-cost cross-border value movement at scale, while bypassing legacy banking delays and costs.

Photo by David Dibert

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