MoneyGram CEO says blockchain excels when customers are unaware

MoneyGram launched MGUSD, a USD stablecoin built on the Stellar network, with a settlement run rate near $2 billion. The company's 60 million customers may never know they are using it.

MoneyGram CEO Alex Holmes said blockchain technology works best when customers are unaware it is powering the transaction. The stablecoin settles payments in seconds, bypassing traditional correspondent banking rails that can take days.

The launch positions MoneyGram in the growing stablecoin settlement market, competing with services from PayPal and Visa. Holmes argued that the technology's value lies in its invisibility: the customer sees a faster, cheaper transfer without understanding the underlying infrastructure.