Historically, MoneyGram's business model focused on the sender of remittances, with the receiver not being considered a primary customer.

Under Regulation E in the United States, companies must disclose the specific currency being sent in a cross-border transaction, which requires specifying 'USDC' instead of just 'USD'.

In addition to its primary remittance volume, MoneyGram moves an additional $200 billion annually in its settlement and FX trading processes.

Luke Tuttle predicts that over 50% of MoneyGram's remittance flows could be conducted on stablecoin and blockchain rails within 5 years.

MoneyGram processes close to $50 billion annually in person-to-person cross-border payments.

MoneyGram utilizes over a billion dollars in parked funds globally to enable instant cross-border money transfers.

MoneyGram's strategy is to use stablecoins to reduce its global cash float, thereby lowering the cost of money and enabling investment in other activities.

MoneyGram has launched a non-custodial wallet for remittance receivers in Colombia, marking a strategic shift to provide services directly to the recipient.

User research conducted by MoneyGram in Colombia found that remittance receivers primarily want to hold US Dollars for stability, with little preference for a specific stablecoin like USDC or USDT.

MoneyGram is deploying a non-custodial wallet on the Stellar blockchain, which allows the company to control its own risk policies without reliance on third-party sponsor banks.

MoneyGram is subject to regulation by over 75 different regulatory bodies globally.