The modular stablecoin infrastructure. Build a stablecoin around your business, with the freedom to choose your regulated issuer and the option to change later.
Just announced at @money2020 Europe!
@MoneyGram is introducing MGUSD, a stablecoin to power its own global network, built on M0’s modular infrastructure. MGUSD will be issued by @Stablecoin and run on the @StellarOrg blockchain.
.@MoneyGram was intentional about how they designed their stablecoin MGUSD - choosing their partners carefully, layer by layer. They chose M0 to architect the on-chain technology: minting, burning, rewards, compliance, deployment across chains.
That's modular stablecoin infrastructure in practice.
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The result is a stablecoin built around your business. MoneyGram chose @Stablecoin for issuance (one of the regulated issuers connected to the M0 platform), launched on @StellarOrg, and integrated best-in-class partners at every layer - all settled on-chain through M0.
MGUSD launched in the U.S. market and is designed to power consumer balances and money transfers across @MoneyGram's global network. MoneyGram plans to expand this across its network of 60M+ customers, nearly 500,000 retail locations, and connections to five billion digital wallets and accounts.
MoneyGram MGUSD is powered by @m0. M0 stablecoin infrastructure has already expanded to 15+ EVM chains, Solana and now Stellar. It was a pleasure to work together with @MoneyGram@StellarOrg on this ambitious project 📈
A stronger remittance experience for 60M+ active customers.
That's what $MGUSD is built for. MoneyGram's native USD stablecoin, powering its own global network.
Issued by @Stablecoin. Mint and burn on @m0. Live on @StellarOrg. Held in @FireblocksHQ wallets.
🐋 WHALE WATCH: MoneyGram just launched their own stablecoin MGUSD on Stellar.
This is real adoption happening right now.
They have over 60 million customers and 500,000 locations worldwide.
Starting in the US but going global soon.
Keep an eye on $XLM as this plays out.
Money infrastructure is going to be absolutely critical and pivotal for any payment company. M0 is the only modular infra that lets companies put together the stack the way they please and control it entirely.
W/ @TokenizedPod@LucaProsperi@MoneyGram@anthonysoohoo
🚨 BONUS @TokenizedPod: MoneyGram Launch Stablecoin MGUSD
@sytaylor is joined by:
👉 @anthonysoohoo, CEO, @MoneyGram
👉 @LucaProsperi, CEO, @m0
To discuss:
⏳ Cost effectiveness and real time settlement of stablecoins
🏗️ M0's role as modular infrastructure for stablecoin issuance
💳 Self custodial wallet for receiving stablecoins in MoneyGram app
🏛️ Refounding the company with unified backend infrastructure
💸 Spectrum of self custody in digital money
💎 Stablecoin improving treasury and accounts receivable operations
🏦 Exploring MGUSD for internal payroll use cases
💵 Holding currency pegged to stable currency like USD
🌐 Minting and distributing MGUSD through existing network
***
Timestamps:
00:00 Introduction
1:24 Cost effectiveness and real time settlement of stablecoins
3:41 M0's role as modular infrastructure for stablecoin issuance
6:10 Self custodial wallet for receiving stablecoins in MoneyGram app
8:32 Refounding the company with unified backend infrastructure
9:22 Spectrum of self custody in digital money
13:01 Stablecoin improving treasury and accounts receivable operations
13:01 Exploring MGUSD for internal payroll use cases
13:01 Holding currency pegged to stable currency like USD
14:33 Minting and distributing MGUSD through existing network
***
👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈