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.
MGUSD is a testament to what's possible when you build with purpose, and a meaningful step forward in our shared mission to create better financial infrastructure for the global economy.
Congrats to the @MoneyGram team!
Proof beyond pilots.
@MoneyGram's launch of MGUSD on Stellar is an example of how blockchain can accelerate traditional financial infrastructure and deliver real results, globally.
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.
@TokenizedPod@sytaylor@anthonysoohoo@LucaProsperi@m0 A UN Sustainable Development Goal is to reduce the cost of remittances to under 3%. The global average is 6.5% according to the World Bank. MoneyGram's average remittance cost has been under 3% for years. We've been ahead.
@TheFoundersWeep While kiosks are being removed store-by-store as we speak, please know there will be a QR code in-store where you can scan and easily set up a transaction. Please be sure to ask your agent for clarity so they can assist.
MoneyGram CEO @anthonysoohoo on @business with stats that put our network in perspective:
Nearly 500,000 retail locations worldwide. More than McDonald's, Subway and Chipotle combined.
The kind of footprint that makes seamless movement between physical and digital possible.
MGUSD is built to power MoneyGram's own global network.
This isn't about just launching another crypto product.
This is about creating a stronger network and remittance experience for our customers.
Sorry for any confusion, especially if your local agent wasn't as helpful as you, or we would have preferred in explaining things.
Please know we're updating our send options and are working to remove kiosks. Please send over a DM with the exact location you're referring to, as there should be a new and updated method of send in-store.