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Record sog_st_mgusd

MGUSDMGUSD

Also recorded as MGUSD, MoneyGram USD, MoneyGram MGUSD

Active

Lifecycle: Active
Issuance: Restricted
Reference target: US dollar
Primary organization: Bridge
No additional recorded relationship
Launch: 2026-06-02
Redemption: Unknown
Backing: Unknown
Stabilization: Unknown
Last review: 2026-08-29
Evidence: 1 source record

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

MoneyGram-native U.S.-dollar stablecoin launched on Stellar on 2026-06-02, with Bridge identified as the regulated issuer, M0 providing mint/burn smart-contract infrastructure and Fireblocks providing wallet infrastructure.

Name	MGUSD
Symbol	MGUSD
Aliases	MGUSD, MoneyGram USD, MoneyGram MGUSD
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Restricted
Canonical record ID	`sog_st_mgusd`
Route slug	`mgusd`
Record confidence	High
Last reviewed	2026-08-29

Name: MGUSD
Symbol: MGUSD
Aliases: MGUSD, MoneyGram USD, MoneyGram MGUSD
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Restricted
Canonical record ID: sog_st_mgusd
Route slug: mgusd
Record confidence: High
Last reviewed: 2026-08-29

Record coverage

Section	Entries
Organizations	1
Sources	1
Reserve reports	0
Reserve components	1
Model-history events	0
Regulatory notes	0
Deployments	1
Issuer-control actions	0
Open questions	1
Events	1

Material concerns

What the reviewed record does not let you assume

Active status and verified evidence are not safety endorsements. Unknown means the reviewed record does not support a stronger conclusion.

Reserve verification: Not independently evidenced in the registry
Redemption clarity: Unresolved
Material known unknowns: 1 open

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Centralized
Primary display organization: Bridge
Primary display role: Legal issuer
Relationship coverage: 1 recorded relationship

Control and relationship coverage

Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 1 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 1 not recorded
Deployment control-event references: 1
Observed issuer-control events: 0

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Bridge	Digital-asset service or infrastructure provider	Regulated digital-asset service provider	United States	Legal issuer	Primary display	2026-06-02	Not yet recorded	Active relationship

Digital-asset service or infrastructure provider

Bridge

Primary display

Functional role: Legal issuer
Relationship status: Active relationship
Regulatory character: Regulated digital-asset service provider
Jurisdiction: United States
From: 2026-06-02
Until: Not recorded

Mechanism

How the asset works

Primary operating facts are shown first. Classification and methodology details remain available below.

Reference target: US dollar
Public backing model: Unknown
Primary stabilization mechanism: Unknown
Redemption / exit model: Unknown
Valuation source: Public information is incomplete
Yield / rebase profile: No recorded change · Accrual: No recorded change

Classification and mechanism details

Reference kind: Fiat
Comparison category: US dollar
Target value: 1
Reference methodology: MoneyGram launched MGUSD as a native U.S.-dollar stablecoin and dollar-denominated balance product.
Canonical backing types: Unknown
Reserve component categories: Unknown
Recorded model description: Reserve Model Not Established In Reviewed Launch Source
Classification notes: Bridge-issued MoneyGram stablecoin launched on Stellar. Reserve composition, stabilization mechanics and direct issuer-redemption mechanics are not established in the reviewed launch source and remain unknown rather than inferred.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Reserve composition not established in the reviewed MoneyGram launch announcementUnknown after review · Explicit unknown-state component for coverage only. It does not assert reserve assets, allocation, custody, assurance or segregation.

Reserve profile

Disclosure status	Reserve Details Not Established In Reviewed Launch Source
Backing types	Unknown after review
Summary	MoneyGram's reviewed launch announcement identifies MGUSD as a native U.S.-dollar stablecoin and Bridge as its regulated issuer but does not disclose reserve composition, reserve ownership, custodian, assurance reporting or allocation percentages.
As of	2026-06-02
Profile confidence	High

Disclosure status: Reserve Details Not Established In Reviewed Launch Source
Backing types: Unknown after review
Summary: MoneyGram's reviewed launch announcement identifies MGUSD as a native U.S.-dollar stablecoin and Bridge as its regulated issuer but does not disclose reserve composition, reserve ownership, custodian, assurance reporting or allocation percentages.
As of: 2026-06-02
Profile confidence: High

Redemption profile

Current status	Unknown after review
Settlement asset	Unknown after review
Eligible parties	Direct issuer-redemption eligibility is not established in the reviewed launch source.
Retail access	MoneyGram states customers can hold MGUSD and convert value into local currency through supported services, but this does not establish unrestricted direct issuer redemption.
Institutional access	not established in the reviewed launch source
Minimum amount	Unknown after review
Fee	Unknown after review
Settlement time	Unknown after review
Regional limits	Direct Issuer Redemption Terms Not Established, Not yet recorded

Current status: Unknown after review
Settlement asset: Unknown after review
Eligible parties: Direct issuer-redemption eligibility is not established in the reviewed launch source.
Retail access: MoneyGram states customers can hold MGUSD and convert value into local currency through supported services, but this does not establish unrestricted direct issuer redemption.
Institutional access: not established in the reviewed launch source
Minimum amount: Unknown after review
Fee: Unknown after review
Settlement time: Unknown after review
Regional limits: Direct Issuer Redemption Terms Not Established, Complete Current Jurisdiction Inventory Not Recorded

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
No reserve reports have been added yet.

No reserve reports have been added yet.

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Standard	Deployment type	Operational state	Contract or identifier
Stellar	Stellar asset	Issuer- or institution-supported deployment	Active	Identifier not recorded
Technical, canonicality, and control fields Network record state Specific network recorded Canonical deployment type Issuer Native Token Recorded status Active Change or proposal state No separate change state recorded Canonicality Issuer-native deployment Canonicality record state Canonicality recorded Verification state Source-linked record; identifier not recorded Contract identity state Identifier not recorded Freeze Not yet recorded Blacklist Not yet recorded Control events 1 Notes MoneyGram's launch announcement identifies Stellar as the blockchain on which MGUSD was deployed at launch. Exact Stellar asset identifier and current control configuration are not normalized from the reviewed source.

Network

Stellar

Active

Standard: Stellar asset
Deployment type: Issuer- or institution-supported deployment
Contract or identifier: Identifier not recorded

Technical, canonicality, and control fields

Network record state: Specific network recorded
Canonical deployment type: Issuer Native Token
Recorded status: Active
Change or proposal state: No separate change state recorded
Canonicality: Issuer-native deployment
Canonicality record state: Canonicality recorded
Verification state: Source-linked record; identifier not recorded
Contract identity state: Identifier not recorded
Freeze: Not yet recorded
Blacklist: Not yet recorded
Control events: 1
Notes: MoneyGram's launch announcement identifies Stellar as the blockchain on which MGUSD was deployed at launch. Exact Stellar asset identifier and current control configuration are not normalized from the reviewed source.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

1 source identity · 1 evidence relation
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
MoneyGram Launches MGUSD, a Stablecoin to Power Its Own Global Network Published 2026-06-02	MoneyGram	Official statement or announcement Canonical: Official Announcement	Subject-controlled source	Primary source	Identity, Issuer, Launch, Reference Asset, Deployment, Infrastructure, Mgusd Identity Launch Bridge Issuer Stellar M0 Fireblocks	Archive index or wildcard	High

Official statement or announcement

MoneyGram Launches MGUSD, a Stablecoin to Power Its Own Global Network

High

Publisher: MoneyGram
Published: 2026-06-02
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Identity, Issuer, Launch, Reference Asset, Deployment, Infrastructure, Mgusd Identity Launch Bridge Issuer Stellar M0 Fireblocks
Archive: Archive index or wildcard
Reliability: High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Reserve Model Direct Redemption Holder Claim and Stellar Asset Identity	MoneyGram's reviewed launch announcement establishes MGUSD identity, 2026-06-02 U.S. launch, Bridge issuer role, M0 mint/burn infrastructure, Fireblocks wallet infrastructure and Stellar deployment, but reserve composition and assurance, direct issuer-redemption terms, holder claim structure, exact Stellar asset identifier and current control-role assignments are not established here.	Unknown after review	Medium	2026-08-29

Reserve Model Direct Redemption Holder Claim and Stellar Asset Identity

MoneyGram's reviewed launch announcement establishes MGUSD identity, 2026-06-02 U.S. launch, Bridge issuer role, M0 mint/burn infrastructure, Fireblocks wallet infrastructure and Stellar deployment, but reserve composition and assurance, direct issuer-redemption terms, holder claim structure, exact Stellar asset identifier and current control-role assignments are not established here.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-08-29

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

No separate model-change event is currently recorded.

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2026-06-02	MoneyGram launches MGUSD on Stellar	Launch and introduction	Launch	Remained active	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.