MoneyGram Launches Stablecoin-Backed Visa Card for Everyday Spending
Key Takeaways
- •The MoneyGram Card, a stablecoin-backed Visa card, debuted in Colombia and allows users to spend a U.S. dollar balance anywhere Visa is accepted, with additional markets planned in the coming months.
- •The card initially operates on Circle's USDC, while MoneyGram's own MGUSD token, launched in June on the Stellar network and issued by Stripe-owned Bridge, is expected to be supported later.
- •Customers can use the card for online purchases, tap-to-pay in stores, and self-transfers for cash pickup in local currency, tapping into MoneyGram's network of nearly 500,000 retail locations across more than 200 countries and territories.
- •The card was developed with stablecoin payments company Rain, wallet provider Crossmint, and the Stellar network, and a physical version with ATM withdrawal support is planned for later in 2026.
- •Stablecoin card spending volume exceeded $1.1 billion in August according to PaymentScan, and MoneyGram's launch follows a year of adding stablecoin infrastructure to its remittance network serving over 60 million active customers.
MoneyGram has launched the MoneyGram Card, a stablecoin-backed Visa card that allows customers to hold a U.S. dollar balance and spend it anywhere Visa is accepted. The card is designed to let users hold, access and spend funds through the MoneyGram experience.
MoneyGram announced the launch on X:
Meet the MoneyGram Card. A stablecoin-backed card built to give customers more freedom to hold, access and spend their money, all within the MoneyGram experience they already know. 𝗕𝘂𝗶𝗹𝘁 𝗶𝗻𝘁𝗼 𝗠𝗼𝗻𝗲𝘆𝗚𝗿𝗮𝗺 Access your card directly through the MoneyGram app. No… pic.twitter.com/7nYOuGUrw6 — MoneyGram (@MoneyGram) September 10, 2026
The card is initially available in Colombia, with rollout to additional markets planned in the coming months. Customers can sign up through the MoneyGram app and add the digital card to Apple Wallet or Google Wallet.
The card initially operates with Circle’s USDC stablecoin. MoneyGram’s own dollar-backed token, MGUSD, is expected to be added later. MoneyGram launched MGUSD on the Stellar network in June. The token is issued by Bridge, a stablecoin infrastructure company owned by Stripe.
How the MoneyGram Card Works
Customers can use the card for online purchases, tap-to-pay transactions in stores and transfers to themselves for cash pickup in local currency at MoneyGram locations worldwide. This combines digital card spending with access to MoneyGram’s existing cash-pickup network, giving customers multiple ways to use the same balance.
MoneyGram also plans to introduce a physical version of the card later in 2026. The physical card will support ATM withdrawals.
The card was developed with Rain, a stablecoin payments company; Crossmint, a wallet provider; and the Stellar network. The launch was announced in a MoneyGram press release and on the company’s X account.
MoneyGram’s Remittance Network
MoneyGram serves more than 60 million active customers across over 200 countries and territories and operates nearly 500,000 retail locations globally. The company’s physical network provides a link between digital stablecoin balances and access to local cash.
Stablecoin card spending volume exceeded $1.1 billion in August, according to data from PaymentScan. MoneyGram is also listed as a partner in Open USD, a Stripe-led stablecoin initiative that shares revenue with a group of backers.
Over the past year, MoneyGram has been adding stablecoin infrastructure to its traditional remittance network. CEO Anthony Soohoo said the card gives customers greater freedom and control to manage their money in one place.
The MoneyGram Card builds on the company’s 85-year history of moving money around the world and places MoneyGram among companies connecting stablecoin balances with established payment networks.
