MoneyGram has launched a stablecoin-backed Visa card that lets customers hold a dollar-denominated balance, spend online or in stores, and access local cash through its global payments network.
The MoneyGram Card launched on September 10, initially in Colombia, as the remittance company expands its use of stablecoins beyond cross-border transfers and into everyday payments.
How the MoneyGram Card works
Eligible customers can sign up for the digital card directly through the MoneyGram app and manage their balance and spending from the same platform.
The card can be added to Apple Wallet or Google Wallet for contactless payments and used wherever Visa is accepted, including online and physical stores.
Customers can also transfer funds from their MoneyGram balance and collect the equivalent amount in local currency at a MoneyGram location.
At launch, the card is backed by USDC. MoneyGram also plans to support its own dollar-pegged stablecoin, MGUSD, in the future.
The card combines infrastructure from several companies. MoneyGram developed the product with Rain, which provides the stablecoin card infrastructure. Crossmint provides wallet capabilities, while the Stellar network supports the underlying blockchain infrastructure.
The structure allows MoneyGram to connect a stablecoin-based balance with the payment infrastructure consumers already use.
MoneyGram said it currently serves more than 60 million active customers across more than 200 countries and territories, with nearly 500,000 retail locations.
That physical network also gives the card a way to connect digital dollar balances with local cash.
Colombia is the first market
The MoneyGram Card is currently available to eligible customers in Colombia, with the company planning to expand into additional markets in the coming months.
MoneyGram has not announced all of the markets that will receive the card next.
The company also plans to introduce a physical version of the card in late 2026. The physical card is expected to support ATM withdrawals and in-person payments in locations where digital cards may not be accepted.
MoneyGram expands its stablecoin strategy
The card is the latest step in MoneyGram’s wider move into blockchain-based payments.
In June, the company launched MGUSD, its own dollar-backed stablecoin on Stellar, as part of its plans to build stablecoin infrastructure into its global payments network.
The new card adds another use case by allowing customers to spend stablecoin-backed balances through Visa rather than limiting digital dollars to transfers or crypto transactions.
For MoneyGram, the combination of stablecoins, a global card network and its physical cash-pickup infrastructure creates a bridge between digital dollar balances and traditional payments. The company is now testing whether that model can scale from Colombia into other markets as stablecoins become more widely used for everyday payments.