MoneyGram has launched a stablecoin-backed Visa card in Colombia, giving users a new way to spend digital dollars for everyday purchases. The virtual card supports USDC at launch and works wherever Visa is accepted.
The move expands MoneyGram’s stablecoin strategy beyond remittances and cash transfers. It also puts the company closer to the growing intersection of cryptocurrency and traditional payments.
Stablecoin Spending Comes to MoneyGram
The new MoneyGram Card operates inside the company’s existing mobile app. Eligible users can manage their balance, make purchases and add the card to Apple Wallet or Google Wallet.
Key features include:
- Spending from a stablecoin-backed balance at Visa merchants
- Online and tap-to-pay purchases through supported mobile wallets
- Transfers from MoneyGram balances for cash pickup in local currency
- Initial support for USDC, with MGUSD planned for future integration
MoneyGram developed the card with Rain, a stablecoin payments infrastructure provider. Crossmint provides wallet capabilities, while the Stellar network supports the underlying digital asset infrastructure.
Colombia is the first market for the card. MoneyGram plans to expand the product into additional markets, initially focusing on Latin America.
From Remittances to Everyday Payments
MoneyGram has been building its stablecoin infrastructure for several years. Its partnership with the Stellar Development Foundation began in 2021 and enabled stablecoin cash-in and cash-out services through its network.
The company later introduced stablecoin balances within its app, allowing customers in Colombia to hold digital dollars and convert them into Colombian pesos at participating locations.
The new card takes that model further by allowing users to spend those balances directly. MoneyGram also launched its own dollar-pegged stablecoin, MGUSD, in June and plans to add it to the card.
The company expects to introduce a physical card option later in 2026. That version will support ATM withdrawals and in-person purchases in locations where digital cards have limited acceptance.
MoneyGram’s move reflects a broader push by payments companies to make stablecoins useful outside crypto markets. Visa has also expanded its stablecoin-linked card infrastructure across Latin America, signaling growing demand for digital-dollar payment products.
