MoneyGram and others join Stellar as Tier 1 validators

MoneyGram, Figure Markets, and Range join Stellar as Tier 1 validators, enhancing security, decentralization, and resilience for regulated financial services.

MoneyGram has joined the Stellar blockchain as a Tier 1 validator, alongside Figure Markets and Range. This marks a significant expansion in their collaboration and strengthens Stellar’s validator infrastructure. The move aims to enhance network security, decentralization, and resilience, particularly for regulated financial services. Tier 1 validators must operate multiple, geographically distributed full validator nodes and actively participate in the Stellar Consensus Protocol. They help maintain the blockchain’s integrity without receiving direct financial incentives. The Stellar Development Foundation announced the addition, emphasizing that these organizations bring expertise in payments, lending, and wealth management. The new validators are expected to be fully operational by mid-August, demonstrating a long-term commitment to the Stellar ecosystem and regulated blockchain finance.