.svg)
Sling Money is not limited to traditional payment and banking networks, opening the door to money transfers between a larger range of countries than others.
Interview
We caught up with Mike Hudack, CEO at Sling Money, earlier in 2025 to learn more about their offering.
Mike told us that building Sling Money on a stablecoin foundation means they are default global. "What's different is we built a product where the user custodies the money. So you can generate a self-custodial wallet, and that wallet just exists on the internet. This is exactly the opposite of the way that this kind of technology is traditionally built."
It's clear that Sling Money taking a first-principles approach to solving the problem of global money movement. The need was partly inspired by Mike's own experiences in transferring stablecoins.
"I had this experience a few years ago - moving USDC from the UK to a friend in San Francisco. The transfer was instant and free, but everything about the UX part of it was really bad. It was crazy to me that nobody had built something like a global Venmo. So we spent the next six months trying to understand why nobody was doing this. At the end of that six months, we came to the conclusion that we should do it."
Mike sees Sling Money as an opportunity to digitize money and bring it into the Internet age. "We've kind of started backwards," said Hudack - referring to how Sling Money is already available in over 140 countries. It would be much more typical to see a gradual rollout, but blockchain technology has allowed the team to cast a wide net from early on.
Continuing to look to the future, Hudack sees a time where stablecoins are more widely being held, saved, spent, and process through debit cards.
"So that's the theory," Mike told us, "that over time, there's a really good chance that more and more money is going to be digitised in this way - you're not going to have to on ramp and off ramp so much. You can imagine a world in which you're in the US, and you're holding money in stablecoins. You can definitely imagine this in Latin America and Africa, having access to digital G7 currencies."
"Most remittance companies are either North to North, or North to South. In many cases, there's no way you can add money from the Global South. We want to put everybody on the same playing field."
Mike went on to tell us about how Sling Money sees global remittance networks looking different through the stablecoin lens.
"We don't think about remittance corridors. We just see people, wanting to move money, and they happen to live in different places. We imagine our growth to look more like WhatsApp instead of a traditional remittance company."
Sling Money is prioritising its offering for consumers seeking low-cost global payment solutions and aims to keep their service as close to free as possible, for as long as possible.
Their services include peer-to-peer transfers, as well as payments for freelance, project-based, or salaried work to Virtual Accounts. Sling Money's Virtual Accounts enable global earners, expats, and digital nomads to get paid in USD and EUR from employers directly into their Sling Wallet.
There are some quirks to using a stablecoin based product, but not as many as you might think.
"When you think of self-custody, you think of a crypto wallet with 12 words printed out and hidden around your house," said Mike. "That's not the way this works. If you lose your phone you can recover your account.
"We did a ton of work really early on to build a self-custodial solution that is really high quality, really safe and really recoverable without all of the user experience downside.
"You can even access your Sling Money wallet on Phantom without having to go through us at all. It's a magical thing. You can take your funds from app to app and it's all yours."
"A non-custodial blockchain-based product behaves differently than a custodial fiat product. An example is that stablecoins can be divided into more decimal places than fiat currency, so you can potentially have $450.003 in your wallet. This is called “dust” and can be a byproduct of offering people the best possible FX rate, out to multiple decimal places."
Currently, limits are €/$2500 per day in the Europe/US. It can vary some days per country as part of measures to prioritize security and ensure safe use. Users can find the most up-to-date amount on the “limits” section of their app.
Today, in over 70 countries, users can convert stablecoins to fiat currency and withdraw to local payment methods. Otherwise, Sling Money is most widely available for use via a Solana-based wallet, offering access to fast, secure transfers even without a bank account.
