MoneyGram rolls out a stablecoin-backed Visa card in Colombia, starting with USDC
MoneyGram has launched MoneyGram Card, a Visa product tied to stablecoin balances held inside the MoneyGram app, with Colombia as the first market. The card lets users spend directly from their app balance online and at physical merchants instead of first converting funds into local currency, moving money to a bank account, or picking up cash at an agent location. The digital card can be managed in-app after registration and identity verification, and users can add it to Apple Wallet or Google Wallet for e-commerce and contactless payments.
The company’s fee schedule says the card carries no monthly maintenance fee, annual fee, digital card issuance fee, purchase transaction fee, foreign transaction fee, or currency conversion fee. An inactivity fee of $1 per month applies after three consecutive calendar months without a purchase, ATM, or load transaction, though the fee will not reduce the account below zero. MoneyGram plans to introduce a physical card later in 2026, with ATM withdrawal support and broader in-person use cases.
While the launch materials described the product only as a card backed by stablecoins, a MoneyGram spokesperson told The Block that the initial supported asset is Circle’s USDC, with MoneyGram’s own branded stablecoin, MGUSD, set to be added later. The card is built with infrastructure from Rain, Crossmint, Stellar, and Visa, and fits into MoneyGram’s longer push from cash on- and off-ramps into wallets, developer APIs, stablecoin issuance, and consumer payments.
