TLDR
- MoneyGram launched a virtual stablecoin card in Colombia through partners Rain, Crossmint and Stellar.
- Customers can hold dollar-linked balances, spend through Visa, or collect local cash at MoneyGram locations.
- A physical version of the card is planned for late 2026, adding ATM withdrawals.
- The company has not named which stablecoin backs the card or disclosed fees.
- Debit cards remain the cheapest way to receive remittances, according to World Bank data.
MoneyGram has launched a new stablecoin-backed card in Colombia. The virtual card is available now through the company’s mobile app.
Customers who qualify can hold a stable-dollar balance. They can spend it through Visa’s merchant network or collect local cash at a MoneyGram location.
The card can be added to Apple Wallet or Google Wallet. This allows for tap-to-pay and online checkout wherever Visa is accepted.
Colombia is the first market for the product. MoneyGram plans to add more countries in the coming months.
How the card works
The card was built with help from three infrastructure partners. Rain supplies the card technology that connects stablecoin balances to the Visa network.
Crossmint provides the wallet system used inside the MoneyGram app. Stellar is the blockchain network that processes the underlying transactions.
Customers who need physical cash can send money to themselves inside the app. They can then pick it up at a nearby MoneyGram location.
The current virtual card does not support direct ATM withdrawals. MoneyGram said a physical card is planned for late 2026 to add that feature.
MoneyGram Chairman and CEO Anthony Soohoo said the card gives customers more control over their money in one place. He described it as combining a stable-dollar balance with spending and cash access.
What details are still unknown
MoneyGram has not said which stablecoin backs the balances on the card. It also has not shared reserve details or redemption terms.
The company has not released pricing, fees or foreign-exchange charges for the Colombian card. A rollout schedule for future markets has also not been shared.
MoneyGram reports more than 60 million active customers. It operates in over 200 countries and territories with close to 500,000 retail locations, according to company figures.
This is not MoneyGram’s first stablecoin project. The company introduced its own dollar-linked token, called MGUSD, on Stellar in June 2026 for treasury and settlement use.
In August, MoneyGram expanded its Ramps service to Solana, letting supported wallets move funds through its cash network. Western Union launched a similar Visa stablecoin card with Rain the same month.
World Bank data from the third quarter of 2025 found debit cards were the cheapest way to receive a remittance, costing 3.61% on average. That compares with a 6.36% global average across all payout methods.
MoneyGram has not confirmed a launch date for the physical card beyond “late 2026.” Pricing and additional markets for the virtual card have not yet been announced.
