Introducing MGUSD.
MoneyGram's native U.S. dollar stablecoin.
Natively issued on @StellarOrg.
Built with @Stablecoin, @m0 and @FireblocksHQ.
Live in the U.S. today.
The total stablecoin market cap recently hit $311 billion.
Larger than the entire GDP of New Zealand 🇳🇿
From near zero a decade ago to outpacing a developed economy in market size.
Stablecoin rails aren't a bet anymore, they're shaping how money moves across borders in the
Prices go up and down. What stays consistent is the efficiency that stablecoins offer for an 80-year-old brand like @MoneyGram.
@_therealjosh explains the time and cost savings offered by leveraging blockchain rails.
For billions of people around the world, a stable dollar balance is not something they can take for granted.
Our ambition with MGUSD is straightforward.
Make a stable, dollar-denominated balance available inside the MoneyGram experience, then connect that balance to the
MoneyGram @MoneyGram just turned 500K cash locations into stablecoin on-ramps.
MGUSD is a self-custodial dollar balance on Stellar @StellarOrg for 60M+ users who'll never touch a wallet app.
Remittances, quietly rebuilt.
Learn more here:
thedefiant.io/education/expl…
In cross-border payments, fast and safe aren't tradeoffs.
Together, they're the minimum standard.
But, delivering both at a global scale is anything but simple.
Every market has its own regulations, currencies, infrastructure and customer expectations.
For 85+ years,
What does the CEO rebuilding one of the world's most established payments networks think about the benefits of stablecoins?
@anthonysoohoo tells @DefiantNews
Most P2P payment companies focus on the sender.
We focus on both sides of the transaction.
Because the recipient should have the same flexibility and experience as the person sending the money.
That belief shapes everything we build.
"Just as the internet gave the world a common way to share information, stablecoins are creating a common way to move money." - @anthonysoohoo
That's why we're joining @openstandard
The future of money movement will be built on shared infrastructure. We're excited to help build
"Every time you look at it, closed networks versus open networks, I think open networks almost always wins." — @anthonysoohoo, CEO @MoneyGram
That’s why MoneyGram built MGUSD on M0’s modular stablecoin infrastructure.
They wanted optionality, flexibility, and the ability to