MoneyGram CEO Anthony Suhu discusses the company's pivot to stablecoin rails. The global payments giant announced a partnership with Kraken allowing users to move crypto to fiat via MoneyGram's 500,000 locations in ~100 countries, powered by USDC.
MoneyGram is undergoing digital transformation, rebuilding its infrastructure on USDC-powered stablecoin rails. The global payments company processes $200 billion annually across 50 million customers and 500,000 locations; CEO Anthony Suhu announced at Consensus 2026 that MoneyGram is already handling over $1 billion in stablecoin float, with plans to move all treasury, FX, and consumer transactions onto stablecoins. Yesterday, MoneyGram announced a partnership with Kraken that extends crypto accessibility to mainstream users. Kraken customers can send USDC and pick it up as local fiat at MoneyGram locations across ~100 countries. The partnership addresses a critical friction point: off-ramping stablecoins for daily spending. MoneyGram's retail network provides the physical infrastructure that crypto-native products lack.