Key Takeaways
MoneyGram launched the MoneyGram Card on September 10, a stablecoin-backed Visa card that lets users spend USDC anywhere Visa is accepted, starting in Colombia.
The digital card runs on the Stellar network and was built with crypto card platform Rain, with support for MoneyGram's own MGUSD stablecoin planned next.
A physical card with ATM cash withdrawals is due in late 2026, aimed at cross-border workers and people with limited access to traditional banking.
MoneyGram, one of the largest money-transfer companies in the world, launched a stablecoin-backed Visa card on September 10, starting in Colombia. The digital MoneyGram Card lets people hold dollar balances and spend them at any merchant that takes Visa, and it runs on the Stellar network rather than a bank wire, according to The Block.
The card supports the USDC stablecoin at launch and was built with Rain, a crypto card platform, with support for MoneyGram's own MGUSD stablecoin planned next. A physical version is due in late 2026, adding cash withdrawals at ATMs and in-person purchases in places where digital cards are less widely accepted.
Colombia is the starting point for a reason. It is a large remittance market, where families abroad send money home and often lose a slice of it to fees and slow transfers. A card that holds dollars as a stablecoin and spends them instantly is aimed squarely at that group, along with people who have limited access to a traditional bank account.
The move fits a broader shift, stablecoins pushing out of trading screens and into everyday spending. Visa's global acceptance network does the heavy lifting on the merchant side while the stablecoin holds the dollar balance underneath, so the user does not have to think about the crypto part at all, as Crypto Times reported.
WYDE has tracked the same rails moving into real economic use, from Tether and Fasanara's $400 million stablecoin fund for small-business lending to JPMorgan adding five Asia-Pacific currencies to its Kinexys blockchain settlement network. The most notable part of this is where it points, dollars reaching people through a card in a country most crypto products skip. Worth watching whether the physical card lands as planned.
People Also Ask
What is the MoneyGram stablecoin card?
It is a Visa card, called the MoneyGram Card, that holds a dollar balance as a stablecoin and lets users spend it at any merchant accepting Visa. It launched as a digital card in the MoneyGram app on September 10, 2026.
Where is the MoneyGram Card available?
It launched first in Colombia, with a physical card and ATM cash withdrawals planned for late 2026 and wider availability expected to follow.
Which stablecoin does the MoneyGram Card use?
The card supports the USDC stablecoin at launch on the Stellar network, and MoneyGram plans to add support for its own MGUSD stablecoin next.
Why does MoneyGram's stablecoin card matter for remittances?
Colombia is a large remittance market, and a card that holds dollars as a stablecoin lets recipients spend money instantly without a bank account, reducing the fees and delays that come with traditional transfers.