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MoneyGram Expands Cash-to-Crypto Ramps to Solana, Linking 170-Country Withdrawal Network to the Blockchain
When you pull cash from a bank, the line of steps is familiar. But when you try to turn that cash into a digital asset, the process is often a maze. MoneyGram’s latest move—bringing its cash‑to‑crypto infrastructure, MoneyGram Ramps, to the Solana blockchain—aims to close that gap. The integration lets Solana wallets, exchanges and developers tap a worldwide cash network without the need to build separate banking connections.
Ramps supports cash deposits in more than 25 countries and withdrawals in over 170 territories. Delivered through a developer‑centric API, it removes the burden of creating individual on‑ and off‑ramp solutions. The platform allows users to move between physical cash and stablecoins such as USDC, a core element of MoneyGram’s earlier work on the Stellar network.
Blockchain payments are fast on‑chain, yet users still face friction when they need to receive or spend local currency. Traditionally, that last mile is handled by banks, exchanges or payment services. MoneyGram’s Ramps supplies that infrastructure, letting a Solana wallet connect to an established cash network rather than building country‑by‑country banking relationships.
MoneyGram CEO Anthony Soohoo said, "The future of payments is built on access. Bringing MoneyGram Ramps to Solana is another step toward building a truly open, global payments network." The statement underscores the company’s intent to broaden its reach beyond a single blockchain.
Solana gains from the partnership in several ways. MoneyGram became a validator on the network in June, helping process and secure transactions. The Ramps launch extends that relationship from network participation to consumer‑facing payment infrastructure. For developers, easier cash entry and exit can make blockchain applications more useful to customers who do not already hold cryptocurrency. A user receiving stablecoins through a Solana wallet could convert those assets into local currency via MoneyGram’s network instead of first transferring them to a centralized exchange.
This capability is especially relevant in markets where bank access is limited, international transfers are expensive or cash remains an everyday medium of exchange. MoneyGram serves roughly 60 million active customers worldwide, giving blockchain applications access to an established user‑facing network that would be difficult for individual crypto companies to replicate.
MoneyGram’s multi‑network strategy has been evident since 2022, when it partnered with the Stellar Development Foundation to enable customers to move between cash and Circle’s USDC stablecoin through its retail network. In June 2026, MoneyGram launched MGUSD, a dollar‑backed stablecoin issued by Bridge, a Stripe company, on the Stellar network. The firm has also been named a partner in Open USD, a Stripe‑led stablecoin initiative that shares revenue among participating companies.
The company’s focus on distribution rather than solely on token issuance reflects a broader trend in stablecoin competition. Fintech firms, banks and payment providers are developing dollar‑pegged products, but distribution and redemption remain critical for everyday use. MoneyGram’s existing cash network provides connections with physical payment locations across many jurisdictions, a capability that blockchain‑native companies often lack.
The Solana integration will be tested by actual transaction demand. Wallet adoption, the number of supported digital assets and the cost of converting between cash and crypto will determine whether Ramps becomes a meaningful payment channel. If usage grows, the model could make physical cash networks an important part of stablecoin infrastructure rather than something blockchain payments simply replace.
As of now, the Ramps service is live on Solana and available to developers through a single API. The partnership represents a significant step toward bridging the gap between digital assets and traditional finance, but its long‑term impact will depend on how quickly users and projects adopt the new on‑ and off‑ramp functionality.
Ramps supports cash deposits in more than 25 countries and withdrawals in over 170 territories. Delivered through a developer‑centric API, it removes the burden of creating individual on‑ and off‑ramp solutions. The platform allows users to move between physical cash and stablecoins such as USDC, a core element of MoneyGram’s earlier work on the Stellar network.
Blockchain payments are fast on‑chain, yet users still face friction when they need to receive or spend local currency. Traditionally, that last mile is handled by banks, exchanges or payment services. MoneyGram’s Ramps supplies that infrastructure, letting a Solana wallet connect to an established cash network rather than building country‑by‑country banking relationships.
MoneyGram CEO Anthony Soohoo said, "The future of payments is built on access. Bringing MoneyGram Ramps to Solana is another step toward building a truly open, global payments network." The statement underscores the company’s intent to broaden its reach beyond a single blockchain.
Solana gains from the partnership in several ways. MoneyGram became a validator on the network in June, helping process and secure transactions. The Ramps launch extends that relationship from network participation to consumer‑facing payment infrastructure. For developers, easier cash entry and exit can make blockchain applications more useful to customers who do not already hold cryptocurrency. A user receiving stablecoins through a Solana wallet could convert those assets into local currency via MoneyGram’s network instead of first transferring them to a centralized exchange.
This capability is especially relevant in markets where bank access is limited, international transfers are expensive or cash remains an everyday medium of exchange. MoneyGram serves roughly 60 million active customers worldwide, giving blockchain applications access to an established user‑facing network that would be difficult for individual crypto companies to replicate.
MoneyGram’s multi‑network strategy has been evident since 2022, when it partnered with the Stellar Development Foundation to enable customers to move between cash and Circle’s USDC stablecoin through its retail network. In June 2026, MoneyGram launched MGUSD, a dollar‑backed stablecoin issued by Bridge, a Stripe company, on the Stellar network. The firm has also been named a partner in Open USD, a Stripe‑led stablecoin initiative that shares revenue among participating companies.
The company’s focus on distribution rather than solely on token issuance reflects a broader trend in stablecoin competition. Fintech firms, banks and payment providers are developing dollar‑pegged products, but distribution and redemption remain critical for everyday use. MoneyGram’s existing cash network provides connections with physical payment locations across many jurisdictions, a capability that blockchain‑native companies often lack.
The Solana integration will be tested by actual transaction demand. Wallet adoption, the number of supported digital assets and the cost of converting between cash and crypto will determine whether Ramps becomes a meaningful payment channel. If usage grows, the model could make physical cash networks an important part of stablecoin infrastructure rather than something blockchain payments simply replace.
As of now, the Ramps service is live on Solana and available to developers through a single API. The partnership represents a significant step toward bridging the gap between digital assets and traditional finance, but its long‑term impact will depend on how quickly users and projects adopt the new on‑ and off‑ramp functionality.
