MoneyGram Introduces Stablecoin Visa Card for Global Payments

TLDR

Table of Contents

MoneyGram unveiled a Visa card backed by stablecoins that enables users to maintain and use stable dollar balances
Colombia receives the card first, with worldwide expansion scheduled for upcoming months
Circle’s USDC stablecoin powers the initial rollout, with MoneyGram’s MGUSD token integration planned ahead
Users can make purchases online, in physical stores, or withdraw cash in local currencies at MoneyGram branches
The solution leverages partnerships with Rain, Crossmint, and the Stellar blockchain network

MoneyGram has introduced a Visa card product that enables users to maintain a US dollar balance supported by stablecoin technology while making purchases at any merchant accepting Visa.

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

Colombia serves as the initial launch market for the card, with additional regions planned for deployment in subsequent months. Users can register via the MoneyGram mobile application and integrate the virtual card into Apple Wallet or Google Wallet platforms.

Circle’s USDC stablecoin serves as the foundation for the card’s launch phase. The company’s proprietary dollar-pegged token, MGUSD, will be integrated at a future date.

The MGUSD token was introduced by MoneyGram on the Stellar blockchain in June. Bridge, a stablecoin infrastructure provider under Stripe’s ownership, handles the token issuance.

Card Functionality and Features

Users can deploy the card for online transactions, contactless in-store payments, or initiate fund transfers for cash collection in local currency at any MoneyGram location worldwide.

A physical card version is scheduled for release in 2026, which will include ATM withdrawal capabilities.

The product emerged from collaborations with Rain, a stablecoin payment specialist, Crossmint as the wallet infrastructure provider, and leverages the Stellar blockchain network.

MoneyGram’s Infrastructure Advantage

With more than 60 million active users spanning over 200 nations and territories, MoneyGram operates an extensive service network. The company maintains close to 500,000 retail outlets worldwide.

This extensive physical presence enables the company to seamlessly connect digital stablecoin holdings with tangible cash access points.

According to PaymentScan analytics, stablecoin card transaction volume exceeded $1.1 billion in August.

MoneyGram appears as a collaborator in Open USD, Stripe’s stablecoin project that distributes revenue among participating partners.

Over the previous year, the company has been integrating stablecoin infrastructure into its conventional remittance operations.

CEO Anthony Soohoo emphasized that the card provides customers with enhanced flexibility and authority to oversee their finances from a unified platform.

The MoneyGram Card represents an evolution of the company’s 85-year legacy in global money transfer services.

This introduction positions MoneyGram alongside an expanding cohort of enterprises linking stablecoin holdings to mainstream payment infrastructure.