MoneyGram News: Stablecoin Visa Card Debuts First in Colombia
MoneyGram Launches New Stablecoin Card in Colombia
MoneyGram News: The global payments company launched a stablecoin-backed Visa card on September 10, 2026. The launch starts in Colombia, with more markets planned soon.
Customers can now hold, spend, and access a dollar balance directly from the app. The move marks a fresh step in the firm's push into stablecoin-powered payments.
Chairman and CEO Anthony Soohoo said the product gives customers more freedom and control over their money. He added that it builds on the existing global payments network already trusted by millions.
How the New Card Works
Customers sign up inside the app in a few short steps. Once active, they can track spending, freeze the product, or unfreeze it anytime they choose. The balance stays linked to their existing account, so there is no separate app to manage.
Key features include:
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Everyday spending anywhere Visas are accepted online or in stores
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Digital storage in Apple Wallet or Google Wallet for tap-to-pay purchases
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Cash pickup at nearby retail locations for customers who prefer physical currency
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Balance and activity tracking from a single dashboard
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Freeze and unfreeze controls for added account security
This MoneyGram News update highlights how the company is folding stablecoin tools into a service people already use for remittances. That familiarity may help adoption move faster than with a standalone crypto wallet.
Partners Behind the Stablecoin Infrastructure
This MoneyGram News report explains the three partners powering the product's back end. Rain supplies the enterprise-grade infrastructure for stablecoin-based payments. Crossmint provides the wallet technology behind the balance. The Stellar network settles transactions and moves funds between accounts.
According to the company, this setup removes the need for a separate crypto wallet or manual currency conversion. Funds move between the stable-dollar balance and everyday spending in close to real time. That design lets a first-time user hold digital dollars without learning blockchain terms.
Source: Official X Post
Colombia First, With Wider Rollout Ahead
This MoneyGram News update confirms Colombia as the first market for the new product. Officials say more countries will follow in the coming months, though no exact list has been confirmed yet.
A physical version is expected in late 2026, adding ATM withdrawals and in-person purchases where digital wallets are not widely accepted.
| Detail | Information |
| Launch date | September 10, 2026 |
| First market | Colombia |
| Card network | Visa |
| Infrastructure partners | Rain, Crossmint, Stellar |
| Digital wallet support | Apple Wallet, Google Wallet |
| Physical card | Planned for late 2026 |
The company operates across more than 200 countries and territories. It serves over 60 million active customers through nearly 500,000 retail locations worldwide, per the company's card page. That scale gives the new product a large existing base to grow from as it expands beyond Colombia.
Expert Take
This MoneyGram News rollout reflects a wider trend of payment companies adding stablecoin options for daily spending, not just cross-border transfers.
Starting in a market with high remittance volume suggests the company is testing real demand before a broader push across Latin America.
The planned physical card also addresses a practical gap. Not every merchant accepts digital wallets, so a plastic option widens where a balance can actually be spent.
How quickly the rollout reaches new countries will show whether this stablecoin model can scale at the same pace as the firm's existing transfer network.
Conclusion
This MoneyGram News launch marks a real step toward everyday digital-dollar spending, starting with a single market before wider expansion.
Colombia now serves as the first test of how well a stable-dollar balance fits into a payments app people already trust. Customers interested in eligibility or rollout timing can check the app directly for updates.
YMYL Disclaimer: This article is for general information only and does not offer financial or investment advice. Stablecoin features, card availability, and country eligibility may change and should be confirmed directly with the company. Readers should not treat this piece as a recommendation to use any specific financial product.
