A stablecoin proves itself through the scale it reaches and the services it enables. @anthonysoohoo (MoneyGram) and @LucaProsperi (M0) join Stateful, hosted by @masonnystrom. In this episode, they discuss the future of money creation and movement: - @MoneyGram built its own stablecoin MGUSD for 60 million active customers. Not for trading or institutions. - @m0 is building the modular stablecoin infrastructure that powers several stablecoins including MoneyGram, KAST, and MetaMask - MoneyGram verticalized its own stablecoin instead of integrating USDT or USDC, controlling the economics and passing savings to customers, the same logic behind Apple building its own chips. - Stablecoin supply: $500B by 2027, $1 trillion by 2030 03:30 Why MoneyGram Launched MGUSD 06:00 How M0 Powers Stablecoin Infrastructure 08:00 Why MoneyGram Built Its Own Stablecoin Instead of Using USDC 11:30 Distribution Wins: The Real Stablecoin Differentiator 17:00 Having a Stablecoin Is Not Enough: Build on Top of It 18:00 How AI and Stablecoins Are Compressing Revenue Moats 24:00 MoneyGram Becoming an Open Network: The Kraken Partnership 27:30 Quick Fire: Stablecoin Supply Predictions for 2027 and 2030(Pantera Capital)