Hassan Maishera
TL;DR
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MoneyGram launched its first stablecoin-backed Visa card in Colombia.
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The digital card supports USDC, with MGUSD integration planned.
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Customers can spend their balances online, use tap-to-pay, and collect local currency.
MoneyGram has launched its first stablecoin-backed Visa card, extending its digital-asset strategy from cross-border transfers into everyday payments.
Initially available in Colombia, the MoneyGram Card allows eligible customers to hold a stable-dollar balance and spend it wherever Visa is accepted.
Users can also transfer funds from their MoneyGram balance and collect the equivalent amount in local currency from participating MoneyGram locations.
MoneyGram Card Launches With USDC Support
The MoneyGram Card supports USD Coin (USDC) at launch, while support for MoneyGram’s MGUSD stablecoin is expected in the near future.
The company does not describe the product as a debit card because it is backed by stablecoins rather than a conventional bank account or fiat-currency balance.
The card converts a customer’s digital balance into spendable funds, providing a bridge between stablecoins and Visa’s global merchant network.
The digital card is available through the MoneyGram mobile app. Eligible customers can apply for the card, monitor their balance, manage spending, and add it to supported mobile wallets. This enables online transactions and contactless tap-to-pay purchases at participating merchants.
Users can also send funds from their MoneyGram balance to themselves and collect local currency at a nearby MoneyGram retail location.
MoneyGram says it serves more than 60 million active customers across over 200 countries and territories. Its physical network includes nearly 500,000 retail locations.
Colombia Becomes First Active Market
Customers must reside in an active market and complete MoneyGram’s know-your-customer verification process to access the card.
Colombia is the first supported country, but MoneyGram plans to expand the service to other Latin American markets. The company has not disclosed which countries will be included in the next rollout phase.
The regional launch could provide customers with a way to hold dollar-linked assets and use them for daily transactions without relying entirely on conventional banking infrastructure.
MoneyGram developed the card in collaboration with Rain, a stablecoin infrastructure provider that helps businesses introduce stablecoin-linked card programs.
The product also uses Crossmint’s wallet technology and operates on the Stellar blockchain. MoneyGram has not confirmed whether it plans to support additional blockchain networks.
The partnership builds on MoneyGram’s existing relationship with the Stellar Development Foundation. The companies began working together in 2021 to enable cash-to-USDC and USDC-to-cash conversions through MoneyGram’s retail network.
In June 2026, MoneyGram expanded that strategy by launching MGUSD, its own dollar-pegged stablecoin on Stellar.
MoneyGram Plans Physical Card for Late 2026
Although the new product is MoneyGram’s first stablecoin-backed card, it is not the company’s first card offering.
MoneyGram previously operated MoneyGram Account, a fiat-based service that included physical and digital Visa debit cards issued by Pathward. The company discontinued that product in December 2025 and does not currently offer any other cards.
A physical version of the stablecoin-backed MoneyGram Card is planned for late 2026. It will allow customers to withdraw cash from ATMs and make in-person purchases in areas where digital cards are less widely accepted.
MoneyGram’s launch comes as traditional payment companies increase their exposure to stablecoin technology.
The global stablecoin supply has grown to nearly $300 billion, while Visa’s public blockchain dashboard shows trillions of dollars in adjusted stablecoin transaction volume during the past 12 months.
By combining stablecoin balances with Visa payments and cash collection services, MoneyGram is positioning the card as a practical tool for spending, transferring, and withdrawing digital dollars.
