MoneyGram's Tech Chief on How Stellar and MGUSD Are Reshaping Remittances

CoinDesk's Jennifer Sanasie and 21Shares co-founder Ophelia Snyder sit down with Luke Tuttle, Chief Product and Technology Officer of MoneyGram, at Stellar's Meridian conference. Tuttle explains how MoneyGram's five-year relationship with Stellar, aided by last year's GENIUS Act, now lets the company route payments over either fiat or stablecoin rails depending on the customer's need. He details how the MoneyGram app lets remittance receivers in markets like Latin America hold a USD-denominated stablecoin, and why MoneyGram launched its own coin, MGUSD, to control the economics, yield and reserves of its internal network. - Chapters/Timecodes: 00:00 MoneyGram CPTO Luke Tuttle at Meridian 00:48 Five Years Building With Stellar 02:27 MoneyGram's Cross-Border Thesis 03:36 Why Fiat Still Matters for Receivers 05:32 How Stablecoins Change User Behavior 07:06 Holding Savings in Digital Dollars 07:53 Why MoneyGram Launched MGUSD 08:57 Choosing Stellar Comes Down to Trust - #digitalfinance #finance #bitcoin Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj