Moneygram taps Fireblocks for stablecoin payments expansion

Fireblocks will partner with Moneygram, a leading global payments hub, boosting stablecoin-based settlements. Fireblocks, which handles more than $5T payments annually, will work as the on-chain infrastructure for remittances. 

Moneygram and Fireblocks will attempt to bring faster, low-cost payments with real-time settlements based on stablecoin transfers. Fireblocks has already proven its capability by settling over $5T in annual transfers. 

The partnership will connect over 200 countries and territories, 20,000 payment gateways, and nearly half a million retailers. 

Moneygram already onboards 50M people for cross-border remittances, with its main advantage being its ability to track and apply local regulatory requirements in every market. The adoption of the Fireblocks payment system will thus become a part of the service as a fully compliant transaction layer. 

“We are leading the next era of money movement by enabling money to move instantly across any channel – fiat or stablecoin,” said Anthony Soohoo, Chairman and CEO of MoneyGram. 

“Fireblocks accelerates this vision by giving us the secure, programmable infrastructure to transform global payments at scale,” he said.

Moneygram will also serve as the last stretch of transfers, offering global cash on-ramps and selling for digital currencies. 

Fireblocks to offer extra security to Moneygram stablecoin payments

Moneygram offers stablecoin coverage to 170 countries worldwide. Fireblocks will build on this expansion by offering more secure stablecoin infrastructure, as well as a programmable settlement layer.

Moneygram is tapping stablecoins as a way to avoid taxation. As Cryptopolitan reported, Trump’s tariff bill introduced a 5% tax on remittances, which does not extend to stablecoin transfers. 

The payment company will use Fireblocks for multi-chain stablecoin transfers. The faster channels will reduce the need for capital reserves, instead resorting to instant stablecoin payments. Moneygram will also tap existing stablecoin liquidity pools and streamline settlement. 

Fireblocks will also provide seamless integration to exchanges, adding to the available liquidity. The ecosystem will allow the onboarding of new types of stablecoins, without requiring fundamental changes to Moneygram’s user experience. 

“MoneyGram is rebuilding the rails of cross-border settlement in real time,” said Michael Shaulov, Co-Founder and CEO of Fireblocks. “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,” he said. 

Fireblocks already offers its services to over 1,800 organizations, securing 550M wallets worldwide. 

Global stablecoin payments get a boost from stablecoins

Stablecoins emerged as one of the best crypto use cases in 2025. Stablecoin transfers make up to 30% of all crypto activity.

The speed and instant settlement of stablecoins have also appealed to fintech apps. A larger number of end users are also using crypto wallets as a primary financial tool, and are used to funds arriving instantly. 

Moneygram aims to emulate the way crypto wallets are used to achieve faster cross-border payments. The payment provider, however, takes care of the last stretch in swapping the funds into immediately usable fiat. 

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