MoneyGram CEO says stablecoins are increasingly used like fiat currency

Anthony Soohoo, CEO of global remittance service MoneyGram, told The Block that stablecoins are increasingly being used in a manner similar to the U.S. dollar within certain payment and transaction environments. He added that if this trend persists, it could gradually shift how financial institutions perceive stablecoins, potentially leading to the broader adoption of digital assets as a means for payments and money transfers.