MoneyGram launches MGUSD stablecoin on Stellar, enabling self-custody for its 60M global customers. CEO Anthony Sohu and MZero's Luca Prosperi discuss the infrastructure strategy behind the modernization: unified payment rails, modular architecture with Bridge and Fireblock partnerships, and how instant 24/7/365 settlement reduces costs.
MoneyGram launches MGUSD stablecoin on Stellar with a self-custody approach, enabling instant access to stable currency for its global customer base. The infrastructure relies on modular design: MZero architected the on-chain technology for asset creation and compliance, Bridge operates as the licensed reserve holder, and Fireblock provides security infrastructure. CEO Anthony Sohu frames this as part of MoneyGram's broader refounding effort to modernize its global payments network. The unified architecture gives MoneyGram control over customer behavior while maintaining regulatory compliance. Self-custody puts money control in users' hands rather than intermediate custodians, reducing friction and enabling lower costs. Instant settlement on Stellar 24/7/365 contrasts with traditional banking's operating hours and correspondent bank dependencies.