MoneyGram launches MGUSD stablecoin on Stellar network
MoneyGram launched MGUSD, a dollar stablecoin on Stellar, enabling users to hold digital balances and send money globally at fraction-of-cent costs. Issued by Stripe's Bridge platform, MGUSD addresses remittance inefficiency where $200 transfers cost 6.36%, double UN targets. The move signals traditional payment firms pivoting toward blockchain-based cross-border solutions amid stablecoin market growth toward $1.9 trillion by 2030.
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Mt. Gox Moves $739M in Bitcoin as Repayment Deadline Looms
Mt. Gox moved $739 million in Bitcoin as creditors await repayment following the exchange's 2014 collapse. The transfer signals progress toward resolving claims from affected users. Bitcoin's price remains under pressure, down 3.99% to $68,710, reflecting broader market volatility. This development impacts Indian crypto investors holding claims or monitoring regulatory implications around exchange insolvency proceedings.
