Billions of people in emerging markets already want and use stablecoins to access dollars, move money, and protect themselves from currency debasement. The moat isn't the technology anymore. It's distribution.
Sonic unlocks a financial operating system through mobile and fintech wallets — enhancing existing wallet infrastructure with stablecoin-powered savings, loans, and a completely free peer-to-peer cross-border payments network, turning wallets into a global financial ecosystem.
Every major payments player is racing to own a stablecoin
Apr 2026
WESTERN UNION
Launches USDPT on Solana — replacing SWIFT for its own settlement.
Jun 2026
MONEYGRAM
Launches MGUSD on Stellar — a self-custodial dollar for its 60M+ user network.
Jul 2026
stripe
PayPal
Stripe bids $53B for PayPal — pairing its own stablecoin chain with 439M consumer accounts.
Aug 2026
REVOLUT
Launches EURR to 80M customers — a neobank issuing its own currency.
2026
VISA
M-PESA
Begin a stablecoin settlement pilot in the DRC — mobile money moves first in Africa.
STABLECOINS
$33T
VISA + MASTERCARD
$25.5T
On-chain settlement volume, 2025
Stablecoins already settle more value than Visa and Mastercard combined. The real fight now is over who owns the customer, not which rail moves the money.
Sources: Morph "State of Stablecoins" report (2025 volume); Western Union, MoneyGram, Stripe, Revolut, Visa press disclosures (2026)
02 — The Telco Opportunity
Telcos already own the assets nobody else can buy
01
Millions, already active
Customers using their mobile wallet every single day. They're already comfortable with financial services through it.
02
KYC, done
No re-onboarding, no drop-off, no second identity check.
03
Cash in, cash out
Physical agent networks that convert cash to digital and back — critical infrastructure in emerging markets, no fintech or exchange can replicate it.
04
Licences, live
Payment and remittance permissions already in force.
05
Data, for credit
Usage and transaction data reveal exactly who's creditworthy — the missing piece for offering loans and managing credit risk at scale.
This holds across Asia, Africa, and Latin America alike — the same advantages, market after market. Nobody is closer to that customer, banked or not, than the operator already in their pocket, every day.
03 — The Market Not Being Served
Billions want dollars. Today's options fall short.
In emerging markets, the dollar is king. Local currencies are being debased by inflation year after year — the dollar is the world's reserve currency, and stablecoins now make it easier than ever to save, borrow, spend, and move dollars directly from a phone.
UNBANKED
1.3B
adults with no formal bank account, concentrated in exactly these markets — including India, Pakistan, Bangladesh, Indonesia, Nigeria, and Mexico
CROSS-BORDER
$426B
flowed into South Asia, Sub-Saharan Africa & Latin America in 2024 alone — mostly through slow, expensive legacy corridors
REACHABLE TODAY
5.8B+
unique mobile subscribers worldwide, overwhelmingly concentrated across these same three regions
Banked or not, most of this population is paying too much, in the wrong currency — whether they're saving, borrowing, or sending money home. The mobile wallet already reaches nearly all of it.
Sources: World Bank Global Findex 2025 (unbanked); World Bank/KNOMAD 2024 (South Asia $207B + LatAm/Caribbean $163B + Sub-Saharan Africa $56B); GSMA Mobile Economy 2025 (subscribers, 71% penetration)
04 — Why the Demand Is Already There
People don't want crypto. They want dollars they can keep.
Nigeria inflation, today
15.4%
and double-digit in roughly a fifth of Sub-Saharan African economies — savings in local currency lose value by the month.
USD held in the wallet
1:1
always redeemable, always stable — held the same way people already hold mobile money.
The demand for dollars is structural. The channel to deliver it wasn't — until the Telco wallet.
Sources: Nigeria National Bureau of Statistics, Jul 2026 (15.43%); IMF Sub-Saharan Africa Regional Economic Outlook, Oct 2025
05 — The White-Label Stablecoin
The world's first stablecoin built for mobile operators.
Designed from day one around the specific needs and constraints of a Telco — regulatory footprint across markets, agent cash networks, subscriber KYC tiers, telco-grade compliance — not a generic consumer coin retrofitted after the fact.
$
SoUSD
$SoUSD
Stablecoin
Powered by Sonic
🏷️
Fully white-labeled, under the operator's own brand
Every operator gets its own name and its own mark — the same SoUSD engine underneath, invisible to the customer.
📡
Built for Telco reality, not adapted to it
One stablecoin engine that plugs into the wallet, the agent network, and the compliance stack an operator already runs — not a bolt-on crypto product.
06 — Use Cases
Three game-changers. Nobody else does this.
01
Yield
Earn yield on your stablecoins, every day
Balances earn yield automatically, just for holding — no staking, no lock-ups, no extra steps.
02
Free Transfers
Send and receive stablecoins, completely free
Wallet to wallet, on the network — 100% free, no gas fees, no transaction fees, ever.
03
Loans & Overdrafts
Borrow in stablecoins, instantly
Micro-loans and overdrafts issued directly in the wallet — underwritten with Telco data, funded from the reserve balance sheet.
These three standout propositions for the end consumer are exactly why mobile operators want to partner with Sonic. Nobody else offers this.
07 — The Card
One card. Spend it anywhere.
Stablecoin Card
Virtual & Physical
$
•••• •••• •••• 4521
MoMo Money
by MTN
VISA
🏪
Pay anyone in stablecoins or local currency
The user's choice at checkout — settle directly in stablecoin, or converted to fiat, at any of Visa's 175M+ merchant locations in 200+ countries and territories.
🏧
Cash out at any ATM, in any currency
No separate off-ramp, no exchange first — withdraw in local currency, across ~160 currencies worldwide, anywhere you see the Visa sign.
Sources: Visa Inc. FY2025 Annual Report & 10-K (annualreport.visa.com) — 175M+ merchant locations, 200+ countries and territories, ~160 currencies
08 — Why Users Choose Sonic
Every detail is built in the user's favor.
🪪
No extra KYC
Your Telco ID is already your ID — no new sign-up, no second verification.
💯
Always exactly 1:1*
Fund your wallet and receive the exact stablecoin amount — no spread, no hidden cut.
🌍
100% free, peer to peer
Send to anyone, anywhere in the world, wallet to wallet — no gas fees, no transaction fees, ever.
📈
Yield, just for holding
Your balance earns yield every single day it sits in the wallet.
🏪
Cash in, cash out, as usual
Use the Telco cash agent network you already trust — no new infrastructure, nothing to learn.
💳
Spend or withdraw, anywhere
Pay in stablecoin or local currency on the Visa network, or withdraw from any ATM, in any currency, anywhere you see the Visa sign.
*Assumes funding in the same currency as the stablecoin (e.g., USD cash funds SoUSD 1:1). Cross-currency conversion carries the standard FX spread.
09 — Commercial Model
A revenue share, not a vendor fee
Our distribution model is built on winning economics: the longer stablecoins stay in circulation instead of cashing out, the more everyone makes. On-network transfers, savings, and payments are always free — we only charge when money cashes out to fiat. That's what lets us share more with our Telco partners, not less.
Treasury yield, FX spread, and loan income — split across the partnership. Never on free, on-network transfers.
Yield
On reserves backing money in circulation
FX
Spread on stablecoin ⇄ local currency
Fees
Cash-out to fiat only — on-network transfers stay free
Lending
Share of interest & fees on stablecoin loans
Keep the money circulating and useful, and both sides make more. Zero infrastructure investment for the Telco, fully white-label, new revenue with no capex — and a product that increases ARPU and reduces churn.
10 — Case Study
MTNMoMo
We partner with MTN.
We partner with MTN — 300M+ subscribers, the largest mobile operator in Africa. Sonic plugs directly into their existing financial services mobile wallet, MoMo Money, which already has 64.3M active users across 16 markets moving $342B a year.
11 — Case Study · The Why
Why MTN said yes.
01
The goal: subscribers into wallet users
Most operators want to grow active mobile wallet users, not just subscribers — that means making the wallet genuinely useful, converting existing customers onto it, and pulling users away from competitors.
02
The gap they saw
Users were already leaving the wallet to buy stablecoins on local exchanges — a bad experience: re-doing KYC from scratch, high conversion fees, and cumbersome third-party on/off ramps, all outside the operator's own ecosystem.
03
What Sonic offered
Drop stablecoins straight into the wallet they already use — no re-KYC, dramatically less friction. Users wanted to hold and save long-term, and the biggest use case of all: sending and receiving value across the network.
04
The outcome
A brand-new, high-demand category inside the wallet — a new revenue stream, a new loyalty mechanism, and a new way to out-compete rivals. Share of wallet and ARPU both rise, and the customer becomes far stickier.
05
Phase 2: the real upside
Once stablecoins are live, Sonic layers on a full suite of financial services — overdrafts and loans in stablecoin. This is where the largest share of fee income is made.
12 — Case Study · The Network
One network. Any wallet. 100% free.
No transaction fees. No gas fees. Every transfer, every time — completely, always, 100% free.
An MTN-branded stablecoin — sent and received free, instantly, anywhere on the network. 1. Cross-border, in from abroad — USA → Nigeria. 2. Any wallet to any wallet, across all 16 markets.
$0 fees, always300M+ customers16 markets64.3M MoMo users$342B moved / yr
🔄Free keeps the money circulating instead of cashing out — the longer it stays in the ecosystem, the more Sonic earns on treasury yield. We only charge on cash-out to fiat, or through the Visa network.
Sources: MTN Group H1 2026 results (mtn.com); TechCabal, Aug 2026
13 — Case Study · What Sonic Adds
Same wallet. New superpowers.
⚡
Free instant transfers
Any MTN wallet to any MTN wallet
🎁
Free data bundles
For holding SoUSD in the wallet
💵
Remittances, solved
USA → Lagos, straight to the wallet
🏦
$100 USD loan
Or overdraft, issued in the wallet
People can already save, send, and borrow in these markets. Sonic just makes it cheaper, faster, and in the currency they actually want.
14 — Summary · The Distribution Playbook
Our thesis, in one playbook.
We tap into ecosystems that already have the assets we're looking for: millions of daily-active users, existing KYC, on/off-ramp cash infrastructure, live financial licences, and the usage data needed to underwrite credit. MTN is one example. The same logic holds for other big operator groups — Airtel, Axiata, América Móvil, Jio — or a strong single-country operator like Globe Telecom in the Philippines, which needs no group behind it to sit on one of the world's largest remittance corridors.
AFRICA / MIDDLE EAST
MTN
317.7M
subscribers across 16 markets
AFRICA
airtel
183.5M
customers across 14 countries
ASIA
AXIATA
187M+
subscribers across 10 countries
ASIA-PACIFIC ALLIANCE
BRIDGE ALLIANCE
1B+
customers across 35 member operators, 100+ markets
LATIN AMERICA & CEE
claro
331.2M
wireless subscribers, América Móvil, 22 countries
INDIA
Jio
498.9M
active wireless subscribers — the largest single-country operator in the world
PHILIPPINES · INDEPENDENT
Globe
67.7M
mobile subscribers, no group needed — $35.6B in remittances land in the Philippines every year
The size and the group membership vary. The customer relationship doesn't have to.
Sources: MTN Group H1 2026 results (mtn.com); Airtel Africa FY2026 results, year ended Mar 2026 (airtel.africa); Axiata Group (axiata.com); Bridge Alliance (bridgealliance.com); América Móvil FY2025 results & company site (americamovil.com); TRAI, Jun 2026 (Reliance Jio); Globe Telecom H1 2026 results (telecomlead.com); Philippine Statistics Authority / BSP, 2025 remittance total (gulfnews.com)
15 — Beyond Telco
The same playbook works on any existing wallet ecosystem.
Telco is the lead example, not the limit. Any consumer super-app or fintech wallet with a large, active, trusted customer base — running its own existing payments ecosystem — fits the same model.
SOUTHEAST ASIA
Grab
47M
monthly transacting users across 8 SEA markets
INDONESIA
GoPay
20.6M
monthly transacting users, GoTo Group fintech
INDIA
paytm
77M
monthly transacting users
LATIN AMERICA
Mercado Pago
88M
monthly active users across 18 countries
Wherever there's an existing wallet ecosystem with real scale and daily trust, the Sonic model applies — Telco or not.
