Bloomberg Talks MoneyGram CEO Anthony Soohoo
Jul 16, 2025
Anthony Soohoo dives into the transformative potential of stablecoins and their impact on the financial landscape. The discussion reveals MoneyGram's ambitious plans to potentially launch its own stablecoin. Insights into the company's digital transformation and aspirations for an IPO showcase a bold vision for the future. Emphasizing innovation, the conversation parallels stablecoins with previous technological advancements, hinting at a new era in transactional efficiency.
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Stablecoin as a Killer App
- Stablecoins could revolutionize the economy much like browsers did for the internet.
- They are seen as a "killer app" legitimized by governments, impacting backend processes and customer transactions.
Real-time Settlements with Stablecoins
- Stablecoins allow real-time settlement of transactions, unlike traditional systems that can take days.
- This innovation eliminates the cost of capital flow and lowers operational costs in global money transfers.
MoneyGram's Stablecoin Exploration
- MoneyGram is exploring using stablecoins initially to improve its treasury and operational pre-funding.
- Launching its own stablecoin is possible but remains an uncertain, longer-term plan.