MoneyGram has introduced a new spending product that turns a dollar-linked digital balance into everyday payments. The company said the MoneyGram Card is now available to eligible users in Colombia, marking the first live market for a Visa-branded card backed by stablecoins rather than a conventional bank deposit.
The product sits inside the existing MoneyGram mobile app.
Qualifying customers can apply without opening a separate account, keep a dollar-denominated balance, and spend at merchants that accept Visa, both online and in stores.
The digital card can be added to Apple Wallet or Google Wallet for contactless tap-to-pay.
Users can also move funds from the same balance to themselves and collect local currency at MoneyGram retail locations, linking the card to the firm’s large cash-out network.At launch the card is supported by Circle’s USDC.
MoneyGram has said it intends to add its own dollar-pegged token, MGUSD, which the company introduced earlier in 2026 on the Stellar network.
Officials have stressed that the product is not a traditional debit card tied to a fiat bank account.
The balance is stablecoin-backed, which the company presents as a way to give customers more control over when they hold dollars, spend, or convert to cash.
Infrastructure partners include Rain, which provides the card-issuing rails for stablecoin programs, and Crossmint for wallet functionality. Settlement and fund movement draw on Stellar.
MoneyGram plans a physical card later in 2026 that is expected to add ATM withdrawals.
Expansion beyond Colombia is expected first in Latin America and then in other markets over the coming months, though specific country timelines have not been published.
The choice of Colombia is strategic.
The country is a major remittance destination, with large inflows from the United States.
A dollar-stable balance that can be spent locally or cashed out through an existing agent network is aimed at customers who already use MoneyGram to receive transfers and want more flexibility after the money arrives.
Company leadership has framed the launch as part of a broader shift from moving money to helping people use it.
Chairman and CEO Anthony Soohoo has said the goal is to give customers more freedom and control in one place: hold a stable dollar balance, spend where Visa works, or tap the cash network when they need physical currency.
The rollout fits a wider industry pattern.
Stablecoin cards have moved from niche crypto products toward consumer payments as issuers look for everyday use cases beyond trading and remittances.
MoneyGram’s advantage is its combination of a consumer app, a long-standing cash network spanning hundreds of thousands of locations, and several years of operating crypto-to-cash and cash-to-crypto services.
Eligibility, fees, and local rules will determine how quickly the product scales. For now, the offering is digital-only in one country. If adoption holds, the card could become a template for other markets where remittance recipients want dollar stability without a traditional bank account.