MoneyGram Launches USDC Stablecoin Visa Card

Global remittance company MoneyGram is expanding its stablecoin strategy with a new Visa card that allows customers to hold U.S. dollar-denominated digital balances and spend them anywhere Visa is accepted.

The MoneyGram Card will initially launch in Colombia before expanding to additional markets in the coming months. Users can apply through the MoneyGram app, add the digital card to supported mobile wallets and use it for online or in-store purchases. Customers will also be able to send funds to themselves and collect the equivalent amount in local currency at MoneyGram locations.

At launch, the card will use Circle’s USDC stablecoin, while support for MoneyGram’s own MGUSD token is expected to follow. MoneyGram also plans to introduce a physical card later this year, adding ATM withdrawal capabilities.

The stablecoin payment card was developed in partnership with Rain, Crossmint and the Stellar blockchain. It represents another step in MoneyGram’s effort to connect blockchain-based payments with its established global remittance infrastructure.

Stablecoins are increasingly moving beyond cryptocurrency trading into everyday financial applications, including international payments, remittances and corporate treasury management. Payment cards provide another bridge by allowing consumers to spend stablecoin balances through familiar payment networks. According to PaymentScan data, stablecoin card spending exceeded $1.1 billion in August.

MoneyGram CEO Anthony Soohoo said the initiative is designed to give customers greater freedom and control over how they manage their money.

MoneyGram says its network serves more than 60 million active customers across over 200 countries and territories, supported by nearly 500,000 retail locations. That footprint could help connect digital dollar payments with physical cash services worldwide.

The company has also introduced its dollar-backed MGUSD stablecoin on Stellar, issued by Stripe-owned stablecoin infrastructure provider Bridge. MoneyGram is additionally among the partners involved in Open USD, a Stripe-led stablecoin initiative designed to share revenue among participating backers.