MoneyGram has launched a Visa-linked card in Colombia, letting customers hold a stablecoin-backed dollar balance and spend it wherever Visa is accepted. The digital card runs on USDC at launch, with support for MoneyGram's own MGUSD token and a physical version planned for late 2026.
USDC balances now spend through Visa in Colombia
MoneyGram rolled out the MoneyGram Card on September 10, starting with Colombia. Cardholders can hold a USDC-backed stable-dollar balance and spend it at any merchant that accepts Visa.
They can also send funds for collection as local currency through MoneyGram's cash-pickup locations. That gives the product two distinct uses at launch: card payments at Visa merchants and transfers collected in cash. MoneyGram did not announce a broader market rollout in the material it provided.
Digital-first rollout leans on Rain, Crossmint and Stellar
MoneyGram named Rain, Crossmint and the Stellar network as partners in building the card. The card is initially digital only, available in Colombia at launch as an addition to Apple Wallet or Google Wallet.
That digital-first design connects the card's payment options directly to MoneyGram's existing cash-pickup network, rather than requiring a physical card from day one.
MGUSD support and ATM access remain late-2026 plans
MoneyGram plans to extend the card to support MGUSD, its own stablecoin, but USDC is the only stablecoin named as backing the card at launch. A physical version of the card, including ATM access, is planned for late 2026, The Block reported.
That timeline leaves the digital card, Visa spending and cash-pickup transfers as the only functions live for Colombian users today.
Source: Crypto Daily
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