MoneyGram Launches Stablecoin-Based Visa Card
Key Takeaways
- •MoneyGram has introduced a Visa card that enables customers to spend stablecoin-backed stable-dollar balances for everyday purchases.
- •The card was developed in partnership with Rain and combines Rain's card infrastructure, Crossmint's wallet capabilities, and the Stellar network for fast access to funds.
- •Customers can use the digital card through Apple Wallet or Google Wallet for tap-to-pay transactions and online shopping, and can withdraw local currency at MoneyGram locations.
- •A physical card option allowing ATM withdrawals and in-person purchases is planned for late 2026.
- •The launch supports MoneyGram's strategy to link its digital and physical networks, which serve more than 60 million active customers in over 200 countries and territories.
MoneyGram has launched a Visa card that allows customers to spend stablecoin balances, expanding the money-transfer company’s push into digital assets as traditional remittance firms and fintech companies increasingly adopt stablecoin-based payments.
“We’re giving customers more freedom and control to manage their money, all in one place,” said Anthony Soohoo, chairman and CEO of MoneyGram.
“The MoneyGram Card builds on the power of our global payments network, bringing a stable-dollar balance, everyday spending and cash access into the MoneyGram experience customers already use and trust.”
Developed in partnership with Rain, the enterprise-grade infrastructure provider for stablecoin-powered payments, the card gives customers a stable-dollar balance they can hold and use for everyday spending within the MoneyGram ecosystem. The service combines Rain’s card infrastructure, Crossmint’s wallet capabilities and the Stellar network to provide fast, simple and immediate access to funds. Together, these options connect a digital stable-dollar balance with both card payments and local-currency cash pickup.
For everyday purchases, customers can add the MoneyGram Card to Apple Wallet or Google Wallet. This allows them to make tap-to-pay transactions, check out faster and shop online.
Customers seeking cash can transfer funds to themselves from their MoneyGram balance and collect local currency at a nearby MoneyGram location.
MoneyGram plans to introduce a physical card option in late 2026. The planned expansion will allow customers to withdraw cash from ATMs and make in-person purchases in locations where digital cards may not be as widely accepted, marking the next stated expansion of the card’s access options.
The card is part of MoneyGram’s effort to connect its digital and physical networks. The company serves more than 60 million active customers and operates across more than 200 countries and territories, with nearly 500,000 retail locations and a digital network spanning billions of endpoints.
Source: BitcoinKE
