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Speaker 1: Crypto linkstocks are also on the rise with bitcoin. There's

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Speaker 1: another thing going on in Washington here. President Trump says

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Speaker 1: the House is on track to pass the Genius Acts

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Speaker 1: stable Coin Bill today. This would be the first big

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Speaker 1: legislative victory for digital asset advocates. One CEO following this

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Speaker 1: the news closely, Anthony Sue who Owe Money Braam, I

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Speaker 1: would say that the stable coin bill is something that

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Speaker 1: did seem just a little bit of a hiccup yesterday,

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Speaker 1: but now looking like it's closed to passing. Anthony, Thank

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Speaker 1: you for joining us here at the desk. Really interesting

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Speaker 1: movement here when it comes to stable coins acceptance, rules

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Speaker 1: of the road, traditional financial players like yours being able

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Speaker 1: to use them, What role are they going to play,

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Speaker 1: and how much, from your view, could have changed the

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Speaker 1: future of money.

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Speaker 2: I think stable coin is going to touch every part

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Speaker 2: of the economy. In fact, when we think about technology

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Speaker 2: and how it adapts, I think the crypto space was

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Speaker 2: waiting for something that could be legitimized by the government.

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Speaker 2: But more importantly, stable coin in and of itself is

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Speaker 2: a killer app for crypto. So what I mean by

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Speaker 2: that is just like the spreadsheet and the pass unleash

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Speaker 2: the PC error, the browser, unleashed the Internet. I think

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Speaker 2: that stable coins going to touch every part of our

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Speaker 2: economy from and the way we're looking at it MoneyGram

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Speaker 2: is that it's going to touch how we run our

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Speaker 2: back office in terms of how we work with our

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Speaker 2: suppliers and how we pay them, so all the way

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Speaker 2: to how we deliver and allow our customers to access

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Speaker 2: programmable money on a day to day basis.

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Speaker 1: Why is it even more efficient or cheaper in some

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Speaker 1: fashion than regular way money. Is there something that's to

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Speaker 1: friction filled about the current financial system that you have

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Speaker 1: the likes of major retailers like an Amazon that would

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Speaker 1: consider making stable coin in order to create a new

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Speaker 1: payment mechanism.

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Speaker 2: Yeah. I think the most important thing is that stable

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Speaker 2: coin first has an infinite ledger, so at any important

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Speaker 2: time you can basically track the whole history of money.

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Speaker 2: But in addition to the thing that's really great about

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Speaker 2: it is it allows real time settlement. So what that

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Speaker 2: means is organizations that are working with capital, you actually

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Speaker 2: do not need to prefund or forecast. In fact, you

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Speaker 2: just kind of transact when the transaction is actually happening.

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Speaker 2: And we're talking about sending money across the globe, which

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Speaker 2: sometimes can take up to forty eight seventy two hours

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Speaker 2: to settle. When you think about some of the networks

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Speaker 2: like Swift, that's going to be able to be enabled

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Speaker 2: in real time. So that's a huge unlock and we'll

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Speaker 2: lower the cost in terms of doing so because the

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Speaker 2: cap costs of capital the float gets eliminated with stable coin.

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Speaker 3: Yeah, it's been fascinating to watch this evolution, to see

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Speaker 3: non native, non crypto companies come in and think about

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Speaker 3: launching their own stable coins. And I'll toss the question

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Speaker 3: to you when you think about your own business, could

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Speaker 3: you see money gram launching its own stable coin?

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Speaker 2: Well, it's certainly a possibility. Then we certainly are thinking

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Speaker 2: through this. I think in early stages right now. What

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Speaker 2: we plan to do is look at how we deliver

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Speaker 2: service or to our customers from a B to B

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Speaker 2: two C perspective, and what I mean by that is

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Speaker 2: how we operate our treasury and how we actually manage

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Speaker 2: and pre fund our operations. And that's probably going to

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Speaker 2: be the first area that we're going to be innovating in.

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Speaker 2: And then as we look out, there could be a

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Speaker 2: possibility to offare our own stable coin. It's too early

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Speaker 2: to tell, but we're certainly learning about it, and I

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Speaker 2: do think that this is a very exciting moment for money.

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Speaker 3: Well keep us updated on that point. I do want

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Speaker 3: to talk about how you see this evolving, because you know,

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Speaker 3: as chronologist walk through, you have a lot of companies

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Speaker 3: thinking about launching their own stable coins. Do you really

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Speaker 3: need an environment where there's so many different stable coins

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Speaker 3: or does it make more sense for everyone to just

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Speaker 3: sort of coalesce around one.

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Speaker 2: That's a great question and I think we'll find out.

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Speaker 2: I mean, if you think about the world, there are

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Speaker 2: a lot of different fiat currencies that exist today because

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Speaker 2: for one reason or another, some might be due to

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Speaker 2: every country's federal reserve to you know, controlling and how

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Speaker 2: they really want to manage your economy. So I think

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Speaker 2: a lot of that stuff's going to play out. And

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Speaker 2: if you think about kind of how the global economy works,

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Speaker 2: there is one that's in somewhat a global currency, which

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Speaker 2: is USD, and I think that there could be something

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Speaker 2: like that that plays out. But you'll have other currencies

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Speaker 2: on top, like other forms of stable coin that we're

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Speaker 2: right on top of the value of something like USD.

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Speaker 1: A couple of months ago, I spoke to you back

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Speaker 1: at the Goldman Zacs Leverage Finance conference and we're talking

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Speaker 1: about your path as the CEO of this company. You're

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Speaker 1: just over eight months into the job, less than nine months.

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Speaker 1: You said at the time that you like to take

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Speaker 1: this company public again. This would be a goal of yours.

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Speaker 1: So how should investors be thinking about that path?

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Speaker 2: Well, I think I'm very excited about the refounding moment

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Speaker 2: of money Gram. The company has been around for eighty

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Speaker 2: plus years, and you know, in terms of refounding, what

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Speaker 2: we're trying to do is take the best parts of

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Speaker 2: the organization while updating and rethinking how we do business,

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Speaker 2: and one of them certainly is stable coined. The other

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Speaker 2: areas AI and how do we enable and operate in

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Speaker 2: an environment like that. You know, I'm very excited about

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Speaker 2: the leading indicators after eight and a half months of

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Speaker 2: what we're seeing in the business. In fact, one of

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Speaker 2: the biggest areas in terms of our digital transformation is

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Speaker 2: we went from a business that was about eighteen percent

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Speaker 2: digital back in twenty nineteen to today it's close to

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Speaker 2: seventy percent. And as we kind of evolve out and

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Speaker 2: we play and evolve into this environment where AI plays

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Speaker 2: a big role, stable coin plays a big role as

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Speaker 2: well as overall rethinking how we enable and make the

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Speaker 2: workforce more productive. I think that IPO, if we get

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Speaker 2: it right, will certainly be in our path, but it's

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Speaker 2: a little too early for us to say when well, really.

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Speaker 3: Looking forward to following that journey. Appreciate you taking the

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Speaker 3: time with us today. That is Anthony's Wu, who the

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Speaker 3: CEO of money Gram