MoneyGram has become an active validator on the Solana network, staking $SOL, processing transaction blocks and contributing to network security. The payments company also joined the Solana Developer Platform, an API-driven environment built for institutions developing compliant financial products on Solana.
A Third Blockchain Commitment
The move marks MoneyGram's third validator position across public blockchain networks. Solana joins Tempo and Cardano's Midnight sidechain as networks where MoneyGram operates an official validator. On Tempo, the company serves as anchor remittance validator. On Midnight, a privacy-focused Cardano sidechain, it was named a federated node operator earlier this year alongside eToro and Vodafone.
MoneyGram Chairman and CEO Anthony Soohoo framed the Solana step as a natural extension of the company's infrastructure strategy. "As blockchain infrastructure becomes increasingly important to global payments, we believe institutions that rely on these networks should also contribute to their security, resilience, and long-term development," he said. Luke Tuttle, MoneyGram's Chief Product and Technology Officer, added that operating a validator places the company directly inside Solana's consensus process, not just on top of its rails.
MoneyGram joins the Solana Developer Platform alongside Mastercard, giving it access to tools for building and scaling regulated financial products on the network.
Part of a Broader Digital Shift
The Solana announcement follows a string of blockchain moves by MoneyGram in 2026. In early June, the company launched MGUSD, its own US dollar stablecoin, on the Stellar blockchain. The token is issued by Bridge, a Stripe-owned company, with smart contracts from M0 and custody infrastructure from Fireblocks. The company has also expanded crypto off-ramp services through a partnership with Kraken.
MoneyGram serves over 60 million customers across roughly 500,000 retail locations globally. More than 70 percent of its transactions are now digital, reflecting how far the company has moved from its cash-counter origins. Its multi-chain validator strategy signals that MoneyGram is positioning itself not just as a user of blockchain payment rails but as a participant in the infrastructure that underpins them.
Sheraz Shere, General Manager of Payments and Commerce at the Solana Foundation, noted that operators with MoneyGram's global scale shape how payment activity moves onchain, adding institutional credibility to Solana's validator set as the network competes for stablecoin volume and real-world payment use cases.
Sources:
MoneyGram official press release via PR Newswire
The Block: MoneyGram becomes Solana validator
MoneyGram MGUSD stablecoin launch via PR Newswire