MoneyGram announced Oct. 15 that it would join XDC Network as a validator, extending the payments company's blockchain infrastructure work to a network used for payments, trade finance and tokenized assets.
The announced role involves verifying transactions and helping secure the blockchain. Operators must clear XDC's identity checks and lock at least 10 million XDC for every masternode. The rule covers both validator and standby masternodes. XDC says the locked stake gives operators a financial interest in the network's security.
MoneyGram's Solana validator is already active, the company said June 22. It had announced on May 20 that it would serve as Tempo's anchor remittance validator. Those roles are separate from its planned participation in XDC Network.
MoneyGram also launched MGUSD, a U.S. dollar stablecoin, on June 2. Bridge is its regulated issuer, and the token launched on Stellar. Separately, MoneyGram has added digital balances and cash access to its transfer app in supported markets.
The XDC announcement described an infrastructure role. It did not announce that MoneyGram would route customer remittances over XDC or issue MGUSD on the network.
