MoneyGram Brings Ramps to Solana: A Look at the Cash-to-Crypto API, Geographic Reach, and the Future of Stablecoin Payments

On August 11, 2026, MoneyGram launched its Ramps service on Solana, making Solana the second supported blockchain after Stellar . The move signals a broader strategy to embed stablecoin cash movement into the daily operations of crypto wallets and apps — without requiring developers to build their own banking and cash-out systems in each market .

How MoneyGram Ramps Works on Solana

MoneyGram Ramps is a developer API that any Solana wallet, exchange, or application can integrate . The company provides credentials, test tools, software development kits, and documentation to streamline the integration .

• Cash-in: Users deposit physical cash at MoneyGram agent locations and receive stablecoins directly in their wallet. This is supported in more than 25 countries .
• Cash-out: Users can convert supported digital assets back to local currency and withdraw physical cash. Withdrawals are available across more than 170 countries and territories through MoneyGram's global retail network of nearly 500,000 locations .

First Wallet Integration: Rift

Rift, a self-custody trading app powered by AI, is the first Solana wallet to integrate MoneyGram Ramps . Rift offers trading across stocks, commodities, and crypto, and the integration gives its users a direct path between digital assets and local currency through MoneyGram's network.

What the Launch Means for Solana Developers

Until this launch, Solana wallets that wanted to route users into MoneyGram's cash network had to bridge USDC to Stellar first — a multi-step friction point via third-party bridge providers such as Allbridge Core or Bridge.xyz . Now the integration is native to Solana.

MoneyGram Ramps is also embedded in the payments module of the Solana Developer Platform, meaning teams already building on Solana can switch it on without sourcing a separate processor . The company says developers get instant API credentials and sandbox access without building banking integrations from scratch .

Strategic Context: A Multichain Cash Bridge

MoneyGram CEO Anthony Soohoo said the move is "another step toward building a truly open, global payments network" . The company is expanding beyond its traditional remittance business deeper into digital assets .

The launch follows MoneyGram's original Ramps debut on Stellar and signals a multichain strategy to connect blockchain apps with physical cash without developers having to build their own banking or cash-out infrastructure in each market .

One notable limitation: In the U.S., Ramps access excludes Alaska, Louisiana, Hawaii, and New York, according to MoneyGram's documentation .

The Broader Payments Landscape

The same week saw two other major developments in stablecoin payments:

Visa Direct Adds Stablecoin Payouts via Zerohash (August 5, 2026)

Visa announced that eligible Visa Direct clients can now prefund merchant accounts and send payouts in stablecoins, powered by onchain infrastructure provider Zerohash . This brings stablecoin-enabled settlement to Visa Direct's network spanning over 195 countries and 18 billion+ endpoints (cards, accounts, and digital wallets) . It marks Visa's move from stablecoin pilots into production-grade infrastructure for cross-border payouts .

Mastercard Closes $1.8B BVNK Acquisition (August 6, 2026)

Mastercard completed its acquisition of stablecoin payments company BVNK, adding onchain settlement and wallet infrastructure to its global network . The deal positions Mastercard to connect fiat currencies, stablecoins, and tokenized deposits through a single payments layer .

Visa & Mastercard Join the Open USD Initiative (August 5, 2026)

Both card giants signed on as founding participants in Circle's Arc / Open USD stablecoin initiative, aimed at creating a stablecoin system for financial markets, real-time payments, and agentic commerce .

Key Takeaway

Stablecoin-based cash movement is no longer experimental. In a single week, MoneyGram went multichain on Solana, Visa turned stablecoin payouts into a production product on Visa Direct, and Mastercard closed a $1.8 billion stablecoin infrastructure acquisition. For developers and financial institutions, the infrastructure to connect digital dollars with physical cash is now both accessible (via MoneyGram Ramps) and globally scalable (via Visa Direct and Mastercard's network).