MoneyGram launches Visa stablecoin card as remittance rivals expand
MoneyGram is broadening its stablecoin footprint by launching a Visa-branded stablecoin debit card, coming just weeks after competitor Western Union made a similar move. The initial rollout of a virtual card will take place in Colombia, compatible with Apple Wallet and Google Wallet, with plans for a physical card in additional markets later this year. This move reinforces MoneyGram's commitment to blockchain-based cross-border payment solutions.
MoneyGram Card Launch and Features
MoneyGram announced the launch of its stablecoin debit card under the Visa brand, called the MoneyGram Card. The initial release is a virtual card in Colombia that can be used with Apple Wallet and Google Wallet. Plans for a physical card rollout are set for later this year to broaden user options and geographic reach.
The company is working with infrastructure provider Rain, which is also involved in Western Union’s rollout of its Stablecard, a key competitor in the remittance space. This partnership supports the creation of user-friendly and technologically advanced financial services based on stablecoins.
Context and Development of Stablecoins in Remittances
In June, MoneyGram launched its own MGUSD stablecoin on the Stellar blockchain and integrated it with its proprietary app featuring a self-custodial wallet, enhancing cross-border payment capabilities.
Last month, MoneyGram announced a partnership with Solana wallet to expand crypto onramps. This proactive move toward blockchain technology aligns with the World Bank’s recognition of stablecoins as a key tool in reducing global remittance costs. Their September 2025 report highlighted debit cards as the lowest-cost remittance receipt method, with fees at just 3.61% of the transmitted amount.
Why it matters
The launch of MoneyGram's stablecoin-backed card marks a notable development toward more accessible and cost-effective solutions in the global remittance market. It reflects a wider trend among major players like MoneyGram and Western Union to integrate blockchain technologies into traditional financial services. Such innovations help reduce fees and streamline the remittance process, benefiting millions of individuals worldwide who rely on funds sent from abroad.
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