MoneyGram puts digital dollar on Stellar | Changes in remittance networks in 200 countries

Original author：새벽에온주호

Original source：https://www.youtube.com/embed/rGlCy2Wo1ZQ

Among the institutional news that poured out around Stella in June, we chose the single most weighty one. MoneyGram, an 85-year-old global remittance giant, broke away from distributing USDC, a foreign coin, on its remittance network and issued its own brand dollar coin, MGUSD, directly on Stellar. It wasn't just that one more coin was released, but it was an incident where the 'distributor' was transferred to the 'issuer' and began to take direct control of reserve interest and control rights. We closely followed why MoneyGram bothered to use its own coin, why it was Stella instead of Ethereum, and whether this trend was spreading to Western Union and Dealo. However, the reason why not all of this adoption does not immediately lead to the price of 0:00 Why is XLM worth $0.2 while Stellar institutional news is pouring in? 2:33 MoneyGram directly issued its own coin, MGUSD 4:52 Reasons for moving from USDC distributor to MGUSD issuer 8:18 Reserve interest and control held by issuer 10:27 Bridge, M0, Fireblocks institutional division of labor structure 12:23 Why Stellar and not Ethereum? 14:31 Issuer conversion spreading to Western Union, Deal, and PayPal 17:01 Will XLM rise as Stellar issuance increases? 19:09 Payment volume in the first quarter reaches $5.5 billion, real transactions flow on rails 20:48 Stella joins Visa and DTCC systems 22:11 Holes to escape where XLM is not yet rising 27:02 Where Stellar stands now #MoneyGram #MGUSD #Stellar #XLM #Stablecoin #Stellar 🔔 Subscriptions and likes are a great help in video production. ⚠️ [Disclaimer] All content on this channel is created for informational and educational purposes and does not encourage investment or recommend the purchase/sale of specific assets. We state that all investment decisions and responsibilities rest with the investor.