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MoneyGram Joins XDC Network, Runs Blockchain Infrastructure
20 Oct
Summary
- MoneyGram now serves as an institutional validator for the XDC Network.
- This role involves confirming transactions and governing the blockchain.
- The move signifies a shift from using blockchains to operating them.
MoneyGram, an 85-year-old remittance company, has advanced its blockchain engagement by joining the XDC Network as an institutional validator. This development marks a significant evolution for the company, moving from its prior use of blockchain technology to actively participating in its operational infrastructure.
In its new capacity, MoneyGram is responsible for confirming transactions, maintaining the XDC Network's shared ledger, and voting on its governance. This role extends beyond the typical engagement of payment firms with public blockchains, which have often focused on issuing or settling transactions. MoneyGram's history with blockchain includes a partnership starting in 2019 and utilizing the Stellar network since October 2021 for USDC conversions.
This latest move positions MoneyGram alongside other prominent institutional operators on the XDC Network, such as SBI Holdings and Deutsche Telekom. The XDC Network emphasizes that this inclusion reflects a growing presence of companies involved in real-world financial flows. MoneyGram's decision to become a validator requires it to stake XDC, a commitment distinct from its customer-facing offerings like the MGUSD stablecoin launched on Stellar in June 2026.
