- MoneyGram joined the Solana Developer Platform as an infrastructure partner and became an active validator on the Solana network.
- The company will operate as a validator to process transactions and contribute to the security of Solana’s proof-of-stake network.
- The integration is anchored by the launch of its MGUSD stablecoin on Stellar and its role as a validator on the Tempo blockchain.
MoneyGram announced its incorporation into the Solana network as an active validator. It also joined the Solana Developer Platform (SDP) as an infrastructure partner. By operating a validator node, the remittance firm contributes to the transaction processing and security of Solana’s proof-of-stake mechanism. The firm carries more than five years of deliberate investment in blockchain infrastructure.
SDP is a platform aimed at financial institutions and enterprises seeking to design, build and scale financial products on Solana. It features an API-based architecture that abstracts the technical complexity of the protocol. MoneyGram joins alongside other globally influential players such as Mastercard, Worldpay and Western Union, which already operate within the same initiative.
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