MoneyGram has launched the MoneyGram Card, a stablecoin-backed Visa card built on the Stellar network. The initial rollout is limited to Colombia, while the physical-card and ATM features the company has promised for later in 2026 are not part of the launch-day product.

The virtual card allows customers to hold what MoneyGram describes as a stable-dollar balance and spend wherever Visa is accepted, including online, in stores and across borders. This gives the launch a practical payments focus: it connects MoneyGram’s app-based balance with an established card-acceptance network rather than introducing a standalone merchant payment system. However, the launch materials do not specify the exact token backing the card or explain several aspects of how the payment system operates.

MoneyGram introduces the card on Stellar

MoneyGram announced the MoneyGram Card on September 10, 2026, describing it as a stablecoin-backed Visa product connected to the company’s existing global payments network. The release was timestamped 10:30 ET. The company’s announcement is available through PR Newswire.

The launch combines Rain’s card infrastructure, Crossmint’s wallet capabilities and the Stellar network. The initial product is virtual, and MoneyGram presents it as an extension of the app-based service that customers already use. Users can add the card to Apple Wallet or Google Wallet and manage spending within the MoneyGram app.

Anthony Soohoo, Chairman and CEO of MoneyGram, said the MoneyGram Card builds on the company’s global payments network by bringing a stable-dollar balance, everyday spending and cash access into the MoneyGram experience that customers already use and trust. This is company commentary from an interested party rather than independent analysis.

At launch, availability is limited to Colombia. MoneyGram said additional global markets are planned in the coming months, but the available materials do not confirm signup access outside Colombia. The release also does not name a legal issuing entity or describe a new regulatory approval.

The card launch follows MoneyGram’s broader expansion into blockchain-based payment rails, including an earlier move to expand crypto cash-ramp support to Solana.

Visa acceptance and the Stellar network

MoneyGram identifies three named participants in the card product: Rain provides card infrastructure, Crossmint provides wallet capabilities, and Stellar serves as the underlying blockchain. Visa functions as the card acceptance rail, allowing customers to use the virtual card at merchants that accept Visa.

The announcement does not identify the specific stablecoin or token used by the card. MoneyGram’s Stellar app has historically used Circle’s USDC, but the launch materials do not establish that the current card uses USDC or any other particular stablecoin denomination.

A stable-dollar balance held on Stellar is not necessarily the same as merchants receiving stablecoins directly. Visa acceptance implies an authorization and settlement process, but the available materials do not describe the conversion mechanism, any foreign-exchange spread or how on-chain balances are converted into card authorizations. These payment-flow details remain unspecified and should not be treated as confirmed features.

The relationship between MoneyGram and Stellar predates the card launch. An earlier partnership announcement identified Stellar, Crossmint and USDC as powering the stablecoin balance in the MoneyGram app. That service was already live in Colombia and had expanded to El Salvador, although the information concerns the app service and does not establish card availability in El Salvador.

Other remittance companies are testing comparable blockchain-based payment rails, including Western Union through its stablecoin remittance pilot.

Availability, eligibility and fees

The MoneyGram Card is virtual at launch and is currently available in Colombia. Customers sign up for and manage the card through the MoneyGram app.

MoneyGram’s product page says the card has no monthly or annual fees. It also requires customers to complete identity verification before activating the card. The absence of monthly or annual fees does not mean that every transaction is free. The available materials do not disclose the complete fee schedule, foreign-exchange spread or transaction limits.

According to the product page, users can track pending charges, transactions, refunds and declines. They can also freeze or unfreeze the card and receive transaction notifications.

The cash-access method described at launch is a transfer-to-self process: customers can transfer funds from their MoneyGram balance to themselves and collect local currency at a MoneyGram location. A physical card with ATM withdrawal functionality is planned for late 2026. That is a roadmap feature rather than confirmed launch-day functionality.

Market data and industry reaction

XLM, Stellar’s native token, traded at $0.176186, down 2.44% over 24 hours, with a market capitalization near $6.13 billion. No causal relationship between the MoneyGram card announcement and XLM’s price movement has been established.

The broader crypto market was in the “Greed” category, with the Fear \u0026 Greed Index at 56 on September 11, 2026. That indicator describes overall market conditions and does not specifically measure XLM or the MoneyGram launch.

Crypto exchange Bitso welcomed the launch on September 11 and described it as positive news for Stellar. Bitso’s reaction does not establish the exchange as a card partner; MoneyGram’s release names Rain and Crossmint as the card’s infrastructure and wallet partners.

Noticia del día: ya salió la Visa de MoneyGram con stablecoin, en Stellar. Saldo en stablecoin. Gasto por Visa. En la red de $XLM . Las buenas noticias continúan para Stellar. — Bitso (@Bitso) September 11, 2026

Source: @Bitso on X

The launch comes amid a series of stablecoin and asset-management product rollouts across the crypto industry, including Kraken’s kHYPE token and exchange tools such as OKX’s Smart Portfolio. For MoneyGram, the next stated milestones are the planned late-2026 physical card and expansion beyond Colombia. The scope of those milestones means the product’s availability, the eventual ATM functionality and the details of its stablecoin-to-card payment flow are the main developments to watch, subject to further disclosures from MoneyGram and its partners.

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital-asset markets carry significant risk. Always conduct independent research before making decisions.