MoneyGram Unveils Stablecoin Visa Card for Everyday Spending

Key Highlights

• MoneyGram debuts a Visa card backed by stablecoins, enabling users to maintain and use stable dollar-denominated funds
• Colombia receives first access to the card, with worldwide rollout scheduled for upcoming months
• Circle’s USDC serves as the initial stablecoin, while MoneyGram’s proprietary MGUSD token will be integrated later
• Users can make digital purchases, in-person transactions, or withdraw cash in local currencies at MoneyGram branches
• The solution was developed in partnership with Rain, Crossmint, and the Stellar network

MoneyGram has introduced a groundbreaking Visa card that enables users to maintain a US dollar balance supported by stablecoins and use it at any location that accepts Visa payments.

The payment solution debuts in Colombia before expanding to additional regions over the next several months. Users can register via the MoneyGram mobile application and integrate the virtual card with Apple Wallet or Google Wallet.

Circle’s USDC stablecoin powers the card at launch. The company plans to incorporate MoneyGram’s proprietary dollar-pegged token, MGUSD, in subsequent updates.

MoneyGram introduced MGUSD on Stellar’s blockchain infrastructure in June. Bridge, a stablecoin technology provider under Stripe’s ownership, serves as the token’s issuer.

Card Functionality Explained

Users can leverage the card for e-commerce transactions, contactless in-store payments, or transfer funds to themselves for cash collection in their local currency at any MoneyGram outlet worldwide.

A physical card version is scheduled for release in 2026, which will include ATM withdrawal capabilities.

The payment product emerged from collaboration between stablecoin payment platform Rain, digital wallet provider Crossmint, and the Stellar blockchain.

MoneyGram’s Global Infrastructure

MoneyGram’s network reaches more than 60 million active users spanning over 200 nations and territories. The company operates through nearly 500,000 physical retail outlets across the globe.

This extensive brick-and-mortar presence enables MoneyGram to connect digital stablecoin holdings with physical cash accessibility.

According to PaymentScan data, stablecoin card transaction volume surpassed $1.1 billion in August.

MoneyGram also participates in Open USD, Stripe’s stablecoin project that distributes revenue among its partner network.

Throughout the past year, the company has been integrating stablecoin infrastructure into its conventional remittance operations.

CEO Anthony Soohoo stated the card provides customers with enhanced flexibility and authority to oversee their finances through a unified platform.

The MoneyGram Card represents an evolution of the company’s 85-year legacy in global money transfer services.

This product launch positions MoneyGram within an expanding cohort of financial service providers linking stablecoin holdings to mainstream payment infrastructure.

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