MoneyGram has launched its first stablecoin-backed Visa card, expanding the 86-year-old payments company's crypto strategy from international money transfers into everyday spending.
The new MoneyGram Card is initially available to eligible customers in Colombia. Users can maintain a stable-dollar balance, spend it wherever the card is accepted through Visa and transfer money from their MoneyGram balance for local currency pickup at participating MoneyGram locations.
The card initially supports USDC, according to a company spokesperson, while MoneyGram plans to add its own dollar-backed MGUSD stablecoin in the near future.
MoneyGram emphasized that the product is not a conventional debit card.
USDC Moves Into Everyday Spending
The MoneyGram Card is currently offered as a digital card through the company's mobile application. Customers can register, manage balances and spending, and add the card to supported mobile wallets for online purchases and contactless payments.
Users can also transfer money from their MoneyGram balance to themselves before collecting the funds in local currency through a nearby MoneyGram location.
That capability connects stablecoins with MoneyGram's extensive physical payments infrastructure. The company says it serves more than 60 million active customers across over 200 countries and territories, supported by nearly 500,000 retail locations.
Customers must live in an active market and complete MoneyGram's know-your-customer verification process before accessing the card.
Colombia is the first supported country, with MoneyGram planning to expand the product across Latin America before moving into additional markets. The company has not disclosed which countries will come next.
MoneyGram Builds on Stablecoin Strategy
MoneyGram's stablecoin involvement began several years before the card launch.
In 2021, the company partnered with the Stellar Development Foundation to enable conversions between physical cash and USDC through MoneyGram's global network.
That strategy expanded significantly in June 2026 when MoneyGram introduced MGUSD, its own U.S. dollar-pegged stablecoin built for its international payments ecosystem.
While USDC powers the new card initially, planned MGUSD integration could eventually connect MoneyGram's own stablecoin directly with consumer spending.
The card was developed alongside stablecoin payments infrastructure company Rain, which provides technology allowing businesses to launch stablecoin-linked card programs.
MoneyGram is also using Crossmint's wallet technology and the Stellar blockchain. The company declined to say whether additional blockchain networks could eventually be supported.
New Card Replaces Earlier Fiat Approach
Although this is MoneyGram's first stablecoin-backed card, it is not the company's first attempt at offering card-based financial services.
MoneyGram previously operated MoneyGram Account, a fiat-based product offering physical and digital Visa debit cards issued by Pathward.
That service was discontinued in December 2025.
MoneyGram said it does not currently offer any other card products.
Stablecoins Move Deeper Into Payments
The launch comes as major payments companies increasingly explore stablecoins as infrastructure for payments, settlement and consumer financial products.
Global stablecoin supply has grown to nearly $300 billion, while Visa's public blockchain analytics indicate adjusted stablecoin transaction volume across major networks has reached trillions of dollars over the past year.
MoneyGram's card provides another example of stablecoins moving beyond crypto trading and cross-border transfers toward ordinary consumer payments.
The company also plans to introduce a physical MoneyGram Card later in 2026. That version would allow customers to withdraw cash from ATMs and make purchases in locations where digital cards and mobile payments are less widely supported.
Starting with Colombia and expanding through Latin America, MoneyGram is effectively connecting stablecoin balances, Visa's payment network and its global cash infrastructure within a single consumer product.
