strong parallel between cobrand cards and stablecoins.
co-brands have fine-tuned capabilities in-system and spend like regular credit elsewhere.
owning your own stablecoin infra is like that. capture the economics, customize the experience but retain the interoperability.
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.
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.
One of my favorite products is @saturn_credit. It’s easy to use and easy to understand: DeFi made simple, backed by BTC. Plus, they prioritized security from day one 🛡️
Deploying a digital dollar onchain is trivial.
deploying a cross-chain native digital dollar with full interoperability is a feat.
what gets me most fired up about our work at @m0 is the obsession with achieving that feat for every one of our customers.
I've been so excited for this because it's one of the first use cases without even a little bit of a speculative backdrop. Just a big company using stablecoins because it's better for their users. Built by @m0.
🚨 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! 👈
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.
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 to launch its native USD stablecoin $MGUSD to power remittances, custodial and yield services for their customers in high inflation markets.
Launched in partnership with @privy_io and @m0
let’s meet at @money2020 if you’re ready to take your digital asset strategy from idea to reality.
@m0’s modular stablecoin infra stack is the best way to launch an interoperable, cross-chain native stablecoin for your brand.
dms are open.
See you soon @money2020 🫡
Everyone considering stablecoins faces the same limited options.
With M0, you can launch a stablecoin built around your business, not someone else's. Yours to evolve as your business does.
Connect with the M0 team in Amsterdam!
See you at @money2020 Europe this Tuesday! 👋
Catch @LucaProsperi, Co-founder & CEO of M0 and connect with the team to explore what modular stablecoin infrastructure can do for your business.