MoneyGram CEO Anthony Soohoo says the company's new integration with Solana is fundamentally about access — specifically, giving any developer building on the network a direct line into MoneyGram's physical cash infrastructure. "The biggest announcement we make with Solana is about access," Soohoo said in a Bloomberg Crypto interview, describing the goal as an effort to "connect the real world with the digital world."
"Anyone building on Solana can use our off-ramp, the ability to put cash in or cash out, at any of our 500,000 retail locations," Soohoo said. The company wants to go further than powering its own app, he added, framing the long-term objective as opening the network to outside builders: "to provide other developers to be able to build on our MoneyGram network."
How the Integration Works
The service, MoneyGram Ramps, went live on Solana on August 11, according to the company's announcement, with the Rift wallet becoming the first Solana-based app to integrate it. Through Ramps, users can convert stablecoins into physical cash — or deposit cash to acquire digital assets — across MoneyGram's retail footprint, which the announcement says supports cash-in access in more than 25 countries and crypto-to-cash withdrawals across upwards of 170 countries and territories. The Solana launch follows MoneyGram becoming a validator on the network back in June, a sign the company is building infrastructure-level ties to Solana rather than a one-off partnership.
Not MoneyGram's First Blockchain Bet
Solana isn't new territory for stablecoin rails at MoneyGram — it's an extension of a strategy the company has run on Stellar since 2021.
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That partnership has already produced real volume: MoneyGram says its stablecoin-balance feature has processed nearly $30 million across Colombia and El Salvador alone, and cumulative USDC remittance volume through its broader Stellar-based rails has topped $4.2 billion. MoneyGram also launched its own dollar-pegged stablecoin, MGUSD, on Stellar in June 2026 with backing from Bridge, Crossmint and Fireblocks. Adding Solana gives the company a second major chain to route that same cash-to-crypto bridge through, at a network known for faster settlement and a large base of consumer-facing wallets and trading apps.
Why It Matters
For Solana's ecosystem, the deal is less about a single new app than about infrastructure other builders can plug into. MoneyGram's network spans roughly 500,000 physical locations and reaches tens of millions of active customers, giving any Solana wallet or exchange that integrates Ramps an instant, ready-made bridge to cash — the piece of the stack that's historically been hardest for crypto-native products to replicate on their own.
