MoneyGram has announced a major integration with the Solana blockchain that opens its global network of approximately 500,000 physical retail locations to any developer building on Solana. The move creates a direct bridge between digital wallets and cash, allowing supported stablecoins to be converted into physical currency at participating MoneyGram locations around the world.
CEO Anthony Soohoo described the announcement as fundamentally about access. "Anyone building on Solana can use our off-ramp, the ability to deposit or withdraw cash at any of our 500,000 retail locations," Soohoo said in a Bloomberg Crypto interview. "We are trying to connect the real world with the digital world."
The company also confirmed that developer tools are being rolled out gradually, with broader plans to allow payment firms to connect digital applications with physical cash infrastructure without building their own networks.
MoneyGram Ramps went live on Solana in early August, and Rift became the first wallet on that network to integrate the service. The integration expands Solana's role in stablecoin payments and gives developers a practical off-ramp for converting digital assets into cash.
The announcement is part of MoneyGram's longer blockchain strategy. After a planned deal with Ripple ended, MoneyGram partnered with the Stellar Development Foundation in 2021 to connect blockchain payments to its remittance infrastructure. In June of this year, the company launched MGUSD, a dollar-denominated stablecoin, working with Bridge, Crossmint, Fireblocks, M0 and Stellar on the supporting infrastructure.
Soohoo emphasized that stablecoins have become central to MoneyGram's business model rather than a threat, reinforcing the company's shift toward digital payment infrastructure.
