MoneyGram Launches Stablecoin-Backed Visa Card in Colombia

MoneyGram is turning a stablecoin balance into something customers can use at ordinary checkout counters.

The company has launched the MoneyGram Card, a stablecoin-backed Visa card that lets eligible users hold a stable-dollar balance, spend online or in stores and connect that balance to MoneyGram’s cash network. The rollout begins in Colombia, with additional markets planned.

According to the official MoneyGram announcement, customers can sign up inside the MoneyGram app, manage their balance and spending in one place, add the digital card to Apple Wallet or Google Wallet, pay online or at stores that accept Visa and transfer funds to themselves for local cash pickup at a MoneyGram location, with a physical card planned for later in 2026. The launch combines Rain’s stablecoin payment infrastructure, Crossmint’s wallet technology and the Stellar network, begins with eligible customers in Colombia and is intended to expand into more markets, linking a stable-dollar balance to both everyday card spending and MoneyGram’s existing cash-access network instead of requiring users to move funds through a separate exchange before they can use them.

MoneyGram’s broader ramps business already connects wallets to cash-in and cash-out services across a large retail footprint.

Solana Payments included that expansion in its latest ecosystem roundup:

https://t.co/IrUn0Z9mGx

— Solana Payments (@solanapayments) September 4, 2026

MoneyGram says it serves more than 60 million active customers across over 200 countries and territories, with nearly 500,000 retail locations. That physical network is what separates this launch from a typical crypto debit-card announcement.

A stablecoin balance can be useful online, but remittance customers often still need local cash. MoneyGram’s model is built around both ends of that problem: digital value for holding and spending, plus a route back into cash where necessary.

A recent user demonstration showed a USDC cash-out through MoneyGram and Rift completing in less than two minutes:

All it took was 1:27 of my time to off-ramp my USDC on @solana into local cash 🤯

Here’s how you can get started using @MoneyGram via @riftapp today 👇 https://t.co/r4aTrNoIyy pic.twitter.com/s6TnFtDFGD

— Mango (@mango_) August 11, 2026

The new card extends that flow in the other direction. Instead of cashing out first, a customer can keep value in a stable-dollar balance and spend it wherever the Visa network supports the card.

MoneyGram’s Stellar developer guide documents how wallets connect to its cash network through Stellar’s SEP-10 authentication and SEP-24 interactive deposit and withdrawal standards, with USDC transfers, compliance steps and MoneyGram reference numbers handled inside the integration. The guide says a Stellar-native wallet can connect to cash-in and cash-out services across more than 170 countries, while the card announcement adds a consumer spending layer that lets eligible users keep value in a stable-dollar balance, place the digital card in a mobile wallet and pay through Visa before deciding whether they need local cash.

The Colombia launch is also a practical test. MoneyGram can measure whether remittance recipients want to hold digital dollars longer, spend them directly and use cash pickup only when needed.

The larger crypto story is the connection between stablecoins, payment networks and cash infrastructure people already understand.

If that connection works smoothly, users do not need to think about blockchains every time they buy groceries or receive money from family abroad.

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