Verify a decision

{"actor":"system:backfill","investigation_id":"0c875653-bf97-4dd8-bd78-fe8cd3d74914","kind":"publish","page_slug":"moneygram-on-tempo","published_at":"2026-10-13T05:31:11.723Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"MoneyGram on Tempo","sections":[{"content":"Tempo's own blog post, dated May 20, 2026, states that MoneyGram is joining the network as its first remittance validator, one of a select group of institutions designated to validate transactions. The Block reported the same day that MoneyGram was named 'Anchor Remittance Validator' and was one of Tempo's initial corporate validators alongside Stripe, Visa and Zodia Custody. The Block reported that Tempo launched its mainnet in mid-March 2026. The sources reviewed did not state the number of validators, staking or governance terms, or whether MoneyGram operates a validator node itself; these are unknown.","heading":"Role on Tempo","severity":"low","sources":[{"credibility":2,"name":"Tempo: MoneyGram joins Tempo as first remittance validator and settlement partner","type":"official","url":"https://tempo.xyz/blog/moneygram-joins-tempo-as-first-remittance-validator-and-settlement-partner"},{"credibility":2,"name":"The Block: MoneyGram named 'anchor remittance validator' for Stripe-backed Tempo blockchain","type":"news_article","url":"https://theblock.co/post/402043/moneygram-remittance-validator-stripe-tempo-blockchain"}]},{"content":"According to Tempo, MoneyGram, Tempo and Stripe plan to bring stablecoin settlement into live flows, with Stripe settling to MoneyGram through Tempo onchain. Tempo describes the benefit as more efficient treasury operations. This is a plan described by the parties, and the reviewed sources do not describe consumer wallets, custody of customer balances on Tempo, or a consumer product on the chain. Exposure of consumer funds is therefore, on available information, indirect (via MoneyGram's settlement and treasury flows) and unquantified. Separately, in September 2025 outlets reported a MoneyGram USDC app in Colombia using Stellar for settlement and Crossmint for wallets; that is a different product and chain and is not part of the Tempo arrangement as announced.","heading":"Consumer-funds exposure","severity":"medium","sources":[{"credibility":2,"name":"Tempo: MoneyGram joins Tempo","type":"official","url":"https://tempo.xyz/blog/moneygram-joins-tempo-as-first-remittance-validator-and-settlement-partner"},{"credibility":2,"name":"The Block coverage","type":"news_article","url":"https://theblock.co/post/402043/moneygram-remittance-validator-stripe-tempo-blockchain"}]},{"content":"No regulatory action specific to the Tempo arrangement was found. For MoneyGram generally, the CFPB and the New York Attorney General sued MoneyGram in April 2022 in the Southern District of New York (Case No. 22-cv-3256), alleging violations of the Remittance Rule, the Consumer Financial Protection Act and the Electronic Fund Transfer Act; MoneyGram stated it considered the case without merit. In April 2025 the court granted the CFPB's consent motion to withdraw as plaintiff and approved a stipulation dismissing Counts I-VI, and the remaining claims were resolved by a stipulated final judgment with the New York Attorney General, entered without adjudication of any issue of fact or law. The final judgment's monetary terms could not be read from the document retrieved and are not stated here. Any current licensing position relating to stablecoin settlement was not verified.","heading":"Regulatory status","severity":"medium","sources":[{"credibility":1,"name":"Final judgment, SOUTHERN DISTRICT OF NEW YORK 22-cv-3256 (hosted by Orrick)","type":"court_filing","url":"https://infobytes.orrick.com/wp-content/uploads/Final-judgement.pdf"},{"credibility":1,"name":"MoneyGram Form 10-K FY2022 (SEC)","type":"regulatory","url":"https://www.sec.gov/Archives/edgar/data/1273931/000127393123000039/mgi-20221231.htm"}]},{"content":"No incident involving MoneyGram on Tempo was found. Of note for operational-risk context, MoneyGram's systems went offline in September 2024; the company first called it a network outage and on 23 September said it had identified a cybersecurity issue affecting certain systems. Customers could not make in-person or online payments and partners were affected. MoneyGram had not said whether customer data was affected at the time of reporting, and the New York State Department of Financial Services said it was monitoring. Later outcomes were not verified for this page.","heading":"Incidents","severity":"medium","sources":[{"credibility":2,"name":"TechCrunch: MoneyGram blames cybersecurity issue for ongoing days-long outage","type":"news_article","url":"https://techcrunch.com/2024/09/24/moneygram-blames-cybersecurity-issue-for-ongoing-days-long-outage"}]}],"sources_used":[{"credibility":2,"name":"Tempo: MoneyGram joins Tempo as first remittance validator and settlement partner","type":"official","url":"https://tempo.xyz/blog/moneygram-joins-tempo-as-first-remittance-validator-and-settlement-partner"},{"credibility":2,"name":"The Block: MoneyGram named anchor remittance validator","type":"news_article","url":"https://theblock.co/post/402043/moneygram-remittance-validator-stripe-tempo-blockchain"},{"credibility":1,"name":"Final judgment, SDNY 22-cv-3256","type":"court_filing","url":"https://infobytes.orrick.com/wp-content/uploads/Final-judgement.pdf"},{"credibility":1,"name":"MoneyGram Form 10-K FY2022 (SEC)","type":"regulatory","url":"https://www.sec.gov/Archives/edgar/data/1273931/000127393123000039/mgi-20221231.htm"},{"credibility":2,"name":"TechCrunch: MoneyGram outage","type":"news_article","url":"https://techcrunch.com/2024/09/24/moneygram-blames-cybersecurity-issue-for-ongoing-days-long-outage"}],"summary":"On 20 May 2026 Tempo, the Layer 1 blockchain co-developed by Stripe and Paradigm, announced that remittance company MoneyGram would join as its first remittance validator and settlement partner. The announced arrangement concerns validation and treasury settlement with Stripe rather than a described consumer-facing product. No incident specific to MoneyGram on Tempo was found; MoneyGram's wider history includes a 2022 CFPB and New York Attorney General lawsuit (resolved 2025) and a September 2024 cybersecurity outage. This page does not cover MoneyGram's whole business.","timeline":[{"date":"2022-04","event":"CFPB and New York Attorney General file suit against MoneyGram in SDNY (Case 22-cv-3256).","source":"MoneyGram SEC filings / court docket","source_url":"https://infobytes.orrick.com/wp-content/uploads/Final-judgement.pdf"},{"date":"2024-09","event":"MoneyGram systems go offline; company attributes the outage to a cybersecurity issue.","source":"TechCrunch","source_url":"https://techcrunch.com/2024/09/24/moneygram-blames-cybersecurity-issue-for-ongoing-days-long-outage"},{"date":"2025-04","event":"Court approves CFPB withdrawal and dismissal of Counts I-VI; remaining claims resolved by stipulated final judgment with the NY Attorney General.","source":"Final judgment, SDNY","source_url":"https://infobytes.orrick.com/wp-content/uploads/Final-judgement.pdf"},{"date":"2026-03","event":"Tempo mainnet reported as launched (mid-March).","source":"The Block","source_url":"https://theblock.co/post/402043/moneygram-remittance-validator-stripe-tempo-blockchain"},{"date":"2026-05-20","date_evidence":"Date: May 20, 2026","event":"Tempo announces MoneyGram as first remittance validator and settlement partner.","source":"Tempo blog","source_url":"https://tempo.xyz/blog/moneygram-joins-tempo-as-first-remittance-validator-and-settlement-partner"}]},"v":1}