MoneyGram has launched a virtual, stablecoin-backed Visa card in Colombia, giving eligible users a way to spend a stable-dollar balance from the MoneyGram app at merchants that accept Visa.
The MoneyGram Card is available in Colombia from September 10 and can be added to Apple Pay or Google Wallet. MoneyGram said there are no monthly or annual card fees. The company plans to add a physical card in late 2026 and expand to more markets in the coming months, but those elements are not yet live.
Rain provides the card infrastructure, Crossmint supplies wallet capabilities and the Stellar network supports the underlying blockchain component, according to MoneyGram. The announcement did not name the stablecoin used for the card balance or identify the card issuer.
Money transfer, spending and cash access move into one app
The launch extends MoneyGram’s role beyond initiating or receiving a transfer. Cardholders can manage the balance and spending inside the MoneyGram app, use the virtual card online or through a supported mobile wallet, and review transactions, refunds and declines. They can also freeze or unfreeze the card.
MoneyGram describes cash access differently from an ATM withdrawal. With the current virtual product, a customer can transfer funds to themselves from the MoneyGram balance and collect local currency at a MoneyGram location. ATM withdrawals are associated with the physical card the company plans to introduce later in 2026.
That distinction matters for payments providers evaluating the product. The live proposition combines a digital dollar balance with Visa acceptance and MoneyGram’s cash-pickup network, while the planned physical card would add a conventional cash-access channel. It is therefore better understood as a staged rollout than as a fully global card launch.
A distribution layer for stablecoin balances
For the stablecoin payments sector, the important development is not simply another branded card. MoneyGram is placing stablecoin-backed value inside an existing remittance app and connecting it with two familiar endpoints: Visa merchants and cash pickup. This can reduce the number of separate wallet, exchange and payout interfaces a customer must use after receiving or holding digital dollars.
The architecture also illustrates how consumer-facing brands can assemble a card product from specialist infrastructure. MoneyGram controls the customer relationship, Rain supplies card capabilities, Crossmint provides wallet technology and Stellar provides blockchain rails. The announcement, however, does not detail how responsibilities for custody, stablecoin conversion, transaction monitoring, disputes or customer support are divided among the participants.
Cointelegraph reported that the launch follows other recent stablecoin-card activity among remittance providers. The competitive comparison is relevant, but the initial scope remains narrow: MoneyGram has confirmed present availability only in Colombia, while additional countries and the physical card remain future plans.
Key commercial terms remain undisclosed
MoneyGram’s product page says the card has no monthly or annual fees, but the launch materials do not provide a complete fee schedule. They do not specify foreign-exchange spreads, cash-pickup charges, card limits, supported funding methods or the eligibility criteria that determine who can obtain the card.
The materials also use the phrase “stable-dollar balance” without identifying the backing asset, reserve structure or redemption arrangement. Those omissions limit comparisons with other stablecoin-linked cards, particularly for compliance teams and partners assessing settlement exposure and the legal treatment of customer balances.
For now, the verified change is specific: eligible MoneyGram app users in Colombia can obtain a virtual card, add it to Apple Pay or Google Wallet and spend their in-app stable-dollar balance wherever Visa is accepted. Market expansion, a physical card and ATM access should be treated as announced plans until MoneyGram confirms that each is available.