MoneyGram becomes a verified remittance pegged to the Tempo mainnet, promoting stablecoin settlement cooperation.

CoinFeed reported on May 20th that, according to PR Newswire, global payments provider MoneyGram has announced a strategic partnership with Tempo, a public blockchain focused on high-frequency payments. MoneyGram will become a pegged remittance validator on the Tempo network, participating in the verification of on-chain remittance transactions. MoneyGram will leverage its compliance and global clearing experience to upgrade its settlement infrastructure based on stablecoins and blockchain. The partnership also includes collaborating with Stripe to use Tempo's on-chain infrastructure for stablecoin settlement in actual clearing processes, improving fund management and cross-border payment efficiency. The two companies will further explore open and interoperable stablecoin payment network scenarios in the future.