Today, @The_DTCC and SDF are announcing plans to enable the tokenization of DTC-custodied assets on Stellar.
The connection supports the rapid conversion of traditional assets into tokenized form, and the full asset lifecycle, including corporate actions and reporting.
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.
The permissionless premium is the ability to:
-Experiment and learn privately without approval
-Benefit from innovations you didn't conceive of or build
-Move faster than committees can meet
-Capture value through pathways you never planned or predicted
https://t.co/lGqaiTfnBM
"The base layer is always going to be open. Then the institution gets to decide how compliance and privacy come into play." --@DenelleDixon
https://t.co/kWnKNRNjK4
"Tokenizing just to tokenize is not beneficial. You tokenize because it is best for the fund."
--@DenelleDixon today on @business discussing RWA growth on the Stellar network and why institutions like @The_DTCC tokenize on Stellar.
Big news, and I'm on 🧵 for the second time in as many weeks,
Last week, @StellarOrg and @The_DTCC announced a partnership to bring tokenized securities settlement to Wall Street.
Today, @MoneyGram launched MGUSD - their own dollar-backed stablecoin - built on Stellar. MGUSD is issued by @stripe 's Bridge, with smart contracts from @m0 and wallet infrastructure from @FireblocksHQ. It is live in the US today, rolling out globally to 60 million customers across 200 countries and 500,000 retail locations.
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Trust and reliable infrastructure are the foundation of our five-year partnership with @MoneyGram.
Today, MoneyGram is launching MGUSD, a native U.S. dollar stablecoin built on the strength of that foundation 💪🏻
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!
MGUSD, @MoneyGram's native stablecoin, is live today, powering dollar-denominated balances for 60M+ customers and billions of people underserved by traditional finance. Launched on Bridge's Open Issuance platform in partnership with @m0, @FireblocksHQ and @StellarOrg.
Today we launched MGUSD.
This wasn’t a decision made overnight.
This is the result of five years of putting stablecoin to work in the real world.
The outcome: A purpose-built stablecoin to power @MoneyGram global network.
Not for traders or institutions, but to make the experience better, faster, and more cost effective for our customers.
INSIGHT: @StellarOrg CEO Denelle Dixon says @The_DTCC's decision to connect its tokenized securities platform to Stellar is "the moment Stellar was built for."
🚨BREAKING: Moneygram launches its own stablecoin on Stellar
MoneyGram has launched MGUSD, a U.S. dollar-backed stablecoin on the Stellar $XLM, allowing users to hold and transfer digital dollars through the MoneyGram app.
It will begin in the U.S. before expanding across MoneyGram’s network of 60M+ customers and nearly 500,000 locations worldwide.
MGUSD, @MoneyGram's native U.S. dollar stablecoin, is live on the Stellar network.
MGUSD is designed to plug seamlessly into MoneyGram's suite of financial services, making cross-border payments easier than ever.
Built on Stellar. Built for the world.
https://t.co/PzOu97a1IN
NEW: @MoneyGram launches $MGUSD, a U.S. dollar-backed stablecoin on the @StellarOrg network, giving its 60 million customers access to digital dollar transfers across its global payments network.
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.
When you build with institutions in mind from day 1, bringing them onchain is easy.
@DenelleDixon on @CoinDesk talking about the partnership between Stellar and @The_DTCC.