Global remittances firm MoneyGram is expanding its stablecoin strategy into everyday retail spending with the launch of a new Visa debit card that allows customers to hold and spend a U.S. dollar-denominated balance anywhere Visa is accepted.
MoneyGram Card Launches First in Colombia
The MoneyGram Card will debut in Colombia, with plans to roll out to additional markets over the coming months, the company announced Thursday. Users can register through the MoneyGram app, add the virtual card to mobile wallets, and use it for online purchases or in-store transactions. The card also enables customers to send money to themselves for cash pickup in local currency at MoneyGram agent locations.
USDC Stablecoin Integration With MGUSD Planned
The card will initially operate using Circle’s USDC stablecoin, with MoneyGram’s own MGUSD token slated for integration afterward, the company confirmed to CoinDesk. A physical version of the card is expected later this year and will support ATM withdrawals.
Development partners include stablecoin payments firm Rain, wallet infrastructure provider Crossmint, and the Stellar blockchain network.
Stablecoins Move Beyond Crypto Trading Into Daily Finance
The launch reflects a broader shift in how dollar-linked tokens are being used. Stablecoins have evolved from their origins as trading instruments in cryptocurrency markets into practical tools for cross-border payments, remittances, and corporate treasury management. Debit cards linked to stablecoin balances now offer consumers a familiar way to spend those funds through existing payment networks.
