MoneyGram Launches Stablecoin Card With Visa Payments
The card launches in Colombia and links a dollar balance to Visa payments through Circle’s stablecoin. MoneyGram also plans to roll out its own MGUSD and a physical card later.
Key Takeaways
- MoneyGram is launching a card that lets customers hold and spend a dollar balance at any merchant that accepts Visa.
- The MoneyGram Card starts in Colombia and will later expand to more markets; a physical card is also coming later this year.
- The card will first use Circle's stablecoin and then MoneyGram's own MGUSD token, developed with Rain, Crossmint, and the Stellar blockchain.
MoneyGram is pushing its stablecoin strategy further with a new card that lets customers hold a dollar balance and spend it at any merchant that accepts Visa. The MoneyGram Card will first launch in Colombia and is set to expand to more markets in the coming months. The move shows how digital dollars are increasingly being used outside the crypto market itself, including for everyday payments.
How the Card Works
Customers can sign up through the MoneyGram app, add the digital card to their mobile wallet, and pay with it online or in stores. They can also send money to themselves and pick up the amount in local currency in cash at MoneyGram locations. Later this year, the company also plans to launch a physical card, with support for ATM withdrawals.
The card starts with Circle's stablecoin. After that, MoneyGram's own MGUSD token is expected to follow, the company said. The card was developed with stablecoin payments company Rain, wallet provider Crossmint, and the Stellar blockchain. That ties MoneyGram's existing money transfer network to a payment product that is closer to everyday use.
Stablecoins Are Getting More Visible
The launch fits into a broader shift where stablecoins are being used more and more for payments, remittances, and business payments. According to PaymentScan, stablecoin volume topped $1.1 billion (€0.9 billion) in August. The trend is also visible in the wider market: Visa's stablecoin-related card spending rose to an annualized $3.5 billion (€3 billion) in the fourth quarter of fiscal 2025, up 460% year over year. In July 2026, a record $1.04 billion (€0.9 billion) was also recorded, with nearly 9 million purchases.
MoneyGram has a large distribution network to help build that bridge between digital money and cash. The company says it serves more than 60 million active customers in more than 200 countries and territories, with nearly 500,000 physical locations. Earlier this year, it already introduced MGUSD on Stellar, issued through Bridge, Stripe's stablecoin infrastructure company. That fits into the broader rise of stablecoin card programs, where payment networks and fintechs are increasingly combining onchain rails with existing card infrastructure.
Why This Matters
For European crypto followers, this is especially relevant because it shows how stablecoins are moving closer to regular payment flows. That could matter for companies looking at card payments, wallets, and cross-border transfers, especially as European banks and payment companies increasingly experiment with stablecoin initiatives. MoneyGram's move fits into a broader market where digital dollars are not just a trading tool, but also a payment method for everyday use.
