With Josh Gordon-Blake of MoneyGram, on how a company with nearly 500,000 retail locations is putting stablecoins to work, and what the future looks like for institutions built on moving money across borders.
In this episode, we discuss:
• How going private freed MoneyGram to invest on a horizon of decades rather than quarterly results
• Why stablecoins already run through the treasury function, replacing billions pre-funded around the world
• Why hiring crypto native people onto the dev and treasury side was the move he underestimated the importance of
• Why the market does not need 100 or 1,000 different USD backed stablecoins
• Why crypto volatility simply does not apply to a company that is not in the trading business
• Looking back at Libra, what its mistake was, and whether Meta and others will do what MoneyGram is doing with MG USD