Crypto linkstocks are also on the rise with bitcoin. There's another thing going on in Washington here. President Trump says the House is on track to pass the Genius Acts stable Coin Bill today. This would be the first big legislative victory for digital asset advocates. One CEO following this the news closely, Anthony Sue who Owe Money Braam, I would say that the stable coin bill is something that did seem just a little bit of a hiccup yesterday,
but now looking like it's closed to passing. Anthony, Thank you for joining us here at the desk. Really interesting movement here when it comes to stable coins acceptance, rules of the road, traditional financial players like yours being able to use them, What role are they going to play, and how much, from your view, could have changed the future of money.
I think stable coin is going to touch every part of the economy. In fact, when we think about technology and how it adapts, I think the crypto space was waiting for something that could be legitimized by the government. But more importantly, stable coin in and of itself is a killer app for crypto. So what I mean by that is just like the spreadsheet and the pass unleash
the PC error, the browser, unleashed the Internet. I think that stable coins going to touch every part of our economy from and the way we're looking at it MoneyGram is that it's going to touch how we run our back office in terms of how we work with our suppliers and how we pay them, so all the way to how we deliver and allow our customers to access programmable money on a day to day basis.
Why is it even more efficient or cheaper in some fashion than regular way money. Is there something that's to friction filled about the current financial system that you have the likes of major retailers like an Amazon that would consider making stable coin in order to create a new payment mechanism.
Yeah. I think the most important thing is that stable coin first has an infinite ledger, so at any important time you can basically track the whole history of money. But in addition to the thing that's really great about it is it allows real time settlement. So what that means is organizations that are working with capital, you actually do not need to prefund or forecast. In fact, you just kind of transact when the transaction is actually happening.
And we're talking about sending money across the globe, which sometimes can take up to forty eight seventy two hours to settle. When you think about some of the networks like Swift, that's going to be able to be enabled in real time. So that's a huge unlock and we'll lower the cost in terms of doing so because the cap costs of capital the float gets eliminated with stable coin.
Yeah, it's been fascinating to watch this evolution, to see non native, non crypto companies come in and think about launching their own stable coins. And I'll toss the question to you when you think about your own business, could you see money gram launching its own stable coin?
Well, it's certainly a possibility. Then we certainly are thinking through this. I think in early stages right now. What we plan to do is look at how we deliver service or to our customers from a B to B two C perspective, and what I mean by that is how we operate our treasury and how we actually manage and pre fund our operations. And that's probably going to be the first area that we're going to be innovating in. And then as we look out, there could be a
possibility to offare our own stable coin. It's too early to tell, but we're certainly learning about it, and I do think that this is a very exciting moment for money.
Well keep us updated on that point. I do want to talk about how you see this evolving, because you know, as chronologist walk through, you have a lot of companies thinking about launching their own stable coins. Do you really need an environment where there's so many different stable coins or does it make more sense for everyone to just sort of coalesce around one.
That's a great question and I think we'll find out. I mean, if you think about the world, there are a lot of different fiat currencies that exist today because for one reason or another, some might be due to every country's federal reserve to you know, controlling and how they really want to manage your economy. So I think
a lot of that stuff's going to play out. And if you think about kind of how the global economy works, there is one that's in somewhat a global currency, which is USD, and I think that there could be something like that that plays out. But you'll have other currencies on top, like other forms of stable coin that we're right on top of the value of something like USD.
A couple of months ago, I spoke to you back at the Goldman Zacs Leverage Finance conference and we're talking about your path as the CEO of this company. You're just over eight months into the job, less than nine months. You said at the time that you like to take this company public again. This would be a goal of yours. So how should investors be thinking about that path?
Well, I think I'm very excited about the refounding moment of money Gram. The company has been around for eighty plus years, and you know, in terms of refounding, what we're trying to do is take the best parts of the organization while updating and rethinking how we do business, and one of them certainly is stable coined. The other areas AI and how do we enable and operate in an environment like that. You know, I'm very excited about the leading indicators after eight and a half months of
what we're seeing in the business. In fact, one of the biggest areas in terms of our digital transformation is we went from a business that was about eighteen percent digital back in twenty nineteen to today it's close to seventy percent. And as we kind of evolve out and we play and evolve into this environment where AI plays a big role, stable coin plays a big role as well as overall rethinking how we enable and make the
workforce more productive. I think that IPO, if we get it right, will certainly be in our path, but it's a little too early for us to say when well, really.
Looking forward to following that journey. Appreciate you taking the time with us today. That is Anthony's Wu, who the CEO of money Gram