MoneyGram has launched a stablecoin-backed Visa card that allows customers to hold a U.S. dollar-denominated balance and spend it at any merchant accepting Visa. The product debuts in Colombia as a digital card available through the company’s mobile app, with plans for broader rollout in the coming months.

Customers can sign up inside the MoneyGram app, add the digital card to Apple Wallet or Google Wallet, and use it for online or in-store purchases. They can also transfer funds to themselves and collect the equivalent amount in local currency at MoneyGram retail locations. A physical version supporting ATM withdrawals is scheduled for later this year.

How the Card Operates

At launch the card draws on Circle’s USDC stablecoin. Support for MoneyGram’s own MGUSD token, which the company introduced in June on the Stellar network and which is issued by Bridge, is expected to follow. The card was built with infrastructure from Rain for card services, Crossmint for wallet capabilities, and the Stellar blockchain.

Eligibility requires customers to be in an active market and complete the company’s know-your-customer process. Colombia is the sole live market at present. Expansion is planned first across Latin America, though specific additional countries have not been named.

Integration with Existing Network

MoneyGram operates a network serving more than 60 million active customers across over 200 countries and territories, supported by nearly 500,000 retail locations. The new card extends the firm’s prior work embedding stablecoin rails into its remittance services, including the earlier launch of MGUSD and participation in the Open USD initiative led by Stripe.

The product arrives as stablecoin-linked cards see rising use for everyday payments. Stablecoin card spending volume surpassed $1.1 billion in August, according to PaymentScan data. Rival Western Union announced a comparable Visa-linked stablecoin card, also developed with Rain, in the preceding weeks.

Remittance Context and Market Focus

Colombia received approximately $13.1 billion in remittances in 2025. Debit cards rank as the lowest-cost instrument for receiving remittances, averaging 3.61 percent of the transmitted amount, according to World Bank analysis. Holding a dollar-linked balance on the card lets recipients convert only the portion needed for each purchase rather than exchanging an entire transfer at once.

The MoneyGram Card keeps the stable-dollar balance and spending activity inside the same app customers already use for transfers, avoiding the need for a separate account. Merchants receive settlement in local currency through standard Visa processes, requiring no changes to their existing payment equipment.