At the Consensus Miami conference, Kraken co-CEO Arjun Sethi stated that Kraken's IPO preparations are approximately 80% complete. The company has filed with the U.S. Securities and Exchange Commission and is currently awaiting a suitable market window. Kraken also announced a partnership with MoneyGram, with both companies collaborating on crypto-asset and cash exchange scenarios to solve the "last mile" cash access problem. MoneyGram currently has approximately 500,000 retail locations worldwide. Executives from both companies stated that stablecoins have the potential to reduce costs and efficiency losses in payment systems, particularly in regions with weak financial infrastructure. (CoinDesk)