Coinbase expands stablecoin push with investment in ProShares’ IQMM ETF

Coinbase has invested in ProShares’ GENIUS Money Market ETF as stablecoin issuers prepare for stricter reserve rules under the GENIUS Act. BlockBeats reported on June 2 that Coinbase will invest in the ProShares fund, known by the ticker IQMM. The…

The exchange's venture arm bought ENA tokens directly on the open market rather than through a private round, the first such disclosed purchase, alongside a partnership to push Ethena's onchain dollar and savings products into Coinbase's userbase.

The Move-based blockchain network said it gained access to licensed payment infrastructure as it shifts toward stablecoin settlement and remittances.

MoneyGram launched MGUSD, a dollar stablecoin on Stellar, as the remittance company deepens its push into blockchain-based global payments.

The Dallas-based payments company is now the issuer of a U.S. dollar token on a public chain, with Stripe-owned Bridge as the regulated minter, M0 smart contracts handling supply, and Fireblocks holding the float.

Moneygram launched MGUSD on June 2, 2026, a U.S. dollar stablecoin built natively on the Stellar blockchain and integrated directly into the Moneygram app for self-custodial wallet access. What MGUSD Is and How It Works The stablecoin is issued by Bridge, a Stripe company that the firm describes as GENIUS Act-ready. Minting and burning run […]

MoneyGram has launched its own U.S. dollar stablecoin, MGUSD, on the Stellar blockchain, placing it at the center of a payments network that serves more than 60 million active customers. According to a Tuesday announcement, MGUSD is being issued by…

MGUSD's launch on Stellar could revolutionize global remittances, enhancing financial inclusion and stability for underserved communities worldwide. The post MoneyGram rolls out MGUSD stablecoin on Stellar appeared first on Crypto Briefing.