MoneyGram CEO Anthony Soohoo explains the strategic reasoning behind MGUSD, the company's native dollar-backed stablecoin on Stellar. Rather than treating stablecoins as trading assets, MoneyGram designed MGUSD as a platform for smart contract-based payments.
MoneyGram CEO Anthony Soohoo discusses the reasoning behind MGUSD, the company's native dollar-backed stablecoin integrated on Stellar. Rather than treating stablecoins as trading assets, MoneyGram positioned MGUSD as a platform to embed intelligence into cross-border payments. The company leverages its 60 million active customers, 500,000+ retail locations, and established compliance framework to solve real payment problems: contractors needing conditional payments, real estate transactions across borders, and payroll across jurisdictions. Soohoo emphasizes that MoneyGram starts with distribution and customer needs rather than building an asset and seeking adoption. The stablecoin bridges physical cash networks with digital financial systems, targeting underbanked populations globally while already processing over $1 billion annually in backend transactions.