According to reports from MoneyGram, the company has launched MoneyGram Ramps on the Solana blockchain, extending its cash-to-crypto service to the Solana ecosystem. The service is now live and Rift wallet became the first application on the network to integrate Ramps, enabling users to move between crypto and local currency through MoneyGram's global cash infrastructure. As reported by PRNewswire, the expansion gives wallets, exchanges and developers across Solana direct access to trusted fiat on- and off-ramp infrastructure, with developers able to begin integrating in minutes through instant API credentials and sandbox access. The Solana launch makes it easier for developers to embed fiat connectivity into their products while expanding the real-world utility of stablecoins across blockchain ecosystems.
As reported by MoneyGram, the service provides comprehensive coverage with cash deposits supported in more than 25 countries and withdrawals available across more than 170 countries and territories. The service settles in USDC on Solana, with users able to convert cash into digital assets or cash them out through MoneyGram's payment network. The company serves approximately 60 million active customers globally, giving Solana apps access to a cash-in and cash-out layer in markets where crypto-to-bank transfers are slow, expensive, or unavailable. According to PRNewswire, MoneyGram operates one of the world's largest global payments networks, spanning hundreds of thousands of retail locations and billions of wallets, bank accounts and cards worldwide. However, the current Ramps page notes that U.S. access is limited to 46 states (excluding Alaska, Hawaii, Louisiana, and New York), with the company's broader network spanning more than 200 countries and territories.
According to MoneyGram, the move represents a deepening of the company's push into stablecoin-based payments and remittances, building on its earlier USDC cash-on/off-ramp with Stellar and the launch of its own dollar-backed stablecoin, MGUSD. The company was named as a partner in Open USD, the Stripe-led stablecoin consortium that shares revenue with a network of backers. In June 2026, MoneyGram launched MGUSD, its own dollar-backed stablecoin, issued by Bridge, the stablecoin infrastructure company owned by Stripe, initially on the Stellar network. As reported by PRNewswire, the Solana expansion represents a multi-chain strategy rather than a departure from Stellar, with the company creating a more connected financial network where value can move freely across chains, wallets and local currencies. The company became a Solana validator in June, indicating a deeper infrastructure commitment to the network beyond a simple integration partnership, with Solana describing the move as part of MoneyGram's effort to connect traditional payment rails with blockchain infrastructure.
According to AMBCrypto, the MoneyGram partnership comes at a time when Solana recorded a new all-time high of over 171 million daily non-vote transactions, with real-user TPS surging to a new peak of 2,000 transactions per second. The report notes that crypto payment cards processed $759 million in July, up 2.5x year-on-year, with nearly 9 million purchases made using stablecoins. This growing payment activity demonstrates the increasing link between blockchain and traditional payments sectors. As reported by SolanaFloor, tokenized supply on the network has hit a new all-time high, with Tesla (TSLA) and Circle (CRCL) remaining the largest tokenized equities by supply. Notably, Tether's USDT supply on Solana is up nearly 19% over the past 30 days, compared with a -4.6% decline in Circle's USDC supply, despite Circle minting another $500 million in USDC on the network, highlighting the growing traction of USDT within Solana's liquidity landscape.
