2 stablecoins launched in the last 2 weeks.
Both point back to the same infrastructure layer:
@stripe’s Bridge.
That’s the real story in stablecoins right now: distribution, and who owns the rails underneath it.
The last 30 days:
•
@MoneyGram launched MGUSD for cross-border payments across its 60M customer network. The goal is to make MGUSD part of MoneyGram’s global payment infrastructure, starting with treasury, settlement and currency trading.
•
@deel launched stablecoin wallet functionality for global contractors across 150 countries, giving workers a way to hold and use dollar balances globally.
•
@Visa is testing private stablecoin settlement with Brale’s SBC on Canton Network, built for institutional flows that need programmability and compliance without exposing transaction data.
• UK lawmakers pushed the Bank of England to rethink proposed stablecoin holding caps, warning they could choke the sterling stablecoin market before it starts.
Total stablecoin supply sits around $316 billion, still dominated by USDT and USDC, but the real fight is no longer just supply, it's distribution.
Brands bring the users. Infrastructure owns the rails: issuance, custody, wallets, settlement, compliance and liquidity.