MoneyGram has launched a Visa stablecoin card in Colombia, letting eligible customers spend a stable-dollar balance from the MoneyGram app anywhere Visa is accepted. The company announced the MoneyGram Card on September 10, 2026, with Colombia as the first available market.
Key takeaways
- MoneyGram announced a Visa-linked, stablecoin-backed card.
- Colombia is the launch market at release.
- Several product terms still need to be verified by users.
MoneyGram’s Visa stablecoin card launch in Colombia
The headline names four things: MoneyGram, Visa, a stablecoin card, and Colombia. MoneyGram is a global money-transfer company. Visa is the payment network that lets the card work at merchants. For related coverage, see Bitwise launches three Coinbase-powered tokenized stock portfolios.
A stablecoin is a crypto token designed to hold a steady value, usually pegged to a dollar. MoneyGram says the card carries a stable-dollar balance inside its app, according to the company’s launch release. For related coverage, see CLARITY Act Needs 60 Senate Votes on Sept. 15.
Eligible customers can apply for and manage the card in the MoneyGram app. They can then spend wherever Visa is accepted, online, in stores, and across borders. This is the same idea behind MoneyGram’s push into crypto rails, seen earlier when it launched Solana cash ramps across 170-plus markets.
An announced launch is not the same as confirmed availability for every customer. MoneyGram says the card is live in Colombia, but individual eligibility and onboarding still need checking in the app.
MoneyGram is the issuer of the card experience. The product combines Rain card infrastructure, Crossmint wallet capabilities, and the Stellar network. Rain handles card processing, Crossmint manages the wallet, and Stellar is the blockchain in the background.
Anthony Soohoo, MoneyGram chairman and CEO, tied the card to the firm’s existing network in the announcement.
“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.” — Anthony Soohoo, MoneyGram chairman and CEO
How the stablecoin card works: details to verify
The launch release does not name the stablecoin backing card balances. A crypto.news report explicitly flags that omission. Some unconfirmed reports point to USDC or MoneyGram’s own MGUSD, but neither is confirmed as the backing asset.
Stellar’s native token, XLM, is separate from any card balance. XLM traded near $0.18 with a market value around $6.2 billion, based on market data. That token price is not tied to the card and should not be read as a launch-driven move.
At launch, the card is virtual. Customers can add it to Apple Wallet or Google Wallet for contactless and online payments. A physical card is planned for late 2026, which MoneyGram says will add ATM withdrawals; that is a future plan, not a current feature.
Cash access today works differently. Customers transfer funds to themselves from a MoneyGram balance, then collect local currency at a MoneyGram location. That step matters for anyone who needs physical cash right now.
MoneyGram’s official product page advertises no monthly or annual fees. That claim does not mean the card is free of every cost. Foreign-exchange, transfer, or other transaction charges are not confirmed as zero, and Colombia-specific terms remain unverified.
Visa branding alone does not prove stablecoin settles directly at the register. Whether and when a balance converts to fiat, and at what conversion cost, still needs confirmation. This settlement question sits alongside broader industry work, such as Visa’s stablecoin loan settlements through Credit Coop.
What the launch could mean for users in Colombia
Colombia is the only market named in the announcement. MoneyGram says expansion to more global markets is planned in the coming months, but the release does not name those countries.
The product page requires identity verification before the card activates. It also advertises in-app freezing and unfreezing, transaction notifications, and tracking of pending charges, transactions, refunds, and declines. These are controls a user can check today.
For a prospective user, the practical value depends on confirmed terms. A stable-dollar balance could help people who want to hold and spend dollars, but only if conversion costs and limits are clear. Broader stablecoin access is a live theme, as Circle showed when it moved to end older USDC support on Noble.
Remittance integration, lower costs, faster transfers, and wider adoption are not yet supported by the evidence. Treat those as open questions until MoneyGram publishes Colombia-specific details.
The practical takeaway: if you are in Colombia, you can explore the card in the MoneyGram app, verify your identity, and test the virtual card. Before relying on it, confirm the fee schedule, the backing stablecoin, and any conversion charges directly in the app.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
