Stripe Wants PayPal for $53B; MoneyGram Bets on MGUSD; China's Moonshot AI Beats OpenAI;
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Stripe Wants PayPal for $53B; MoneyGram Bets on MGUSD; China's Moonshot AI Beats OpenAI;
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This week on On The Ground, we sit down with Anthony Soohoo, CEO and Chairman of MoneyGram, to talk about MGUSD, MoneyGram's new native stablecoin, and why the company is betting on digital assets to make cross-border payments faster, cheaper, and more transparent. We dig into why MoneyGram built its own coin instead of relying solely on USDC or USDT, how it plans to vertically integrate its network (with an Apple silicon analogy), what role MoneyGram's 500,000+ agent locations still play in a digital-first world, and his take on OpenUSD's 140-company alliance and Swift's new blockchain ledger pilot.
Then Sam and Otabek break down the week's biggest fintech and payments news:
- Stripe and Advent International's $53B+ bid for PayPal, and why PayPal's board says the offer is "inadequate"
- Monzo founder Tom Blomfield leaving Y Combinator to join Anthropic's compute team
- Moonshot AI's Kimi K3, the 2.8-trillion-parameter open model rattling OpenAI and Anthropic
- The European Central Bank's 36-firm CBDC/stablecoin pilot, and whether Europe can catch up to the dollar-backed stablecoin market
Subscribe for weekly conversations with the people building the future of payments, banking, and stablecoins.
#fintech #stablecoins #moneygram #payments #crypto