MoneyGram Unveils Stablecoin-Backed Card
MoneyGram has unveiled a stablecoin-backed card, its latest push to fold digital dollars into everyday spending, with the product launching first in Colombia and a physical card with ATM access slated for later this year.
The company announced the MoneyGram stablecoin-backed card in a release dated September 10, 2026. The move extends a run of blockchain-focused bets from the money-transfer firm, which has previously launched the MGUSD stablecoin on Stellar and expanded its crypto-to-cash service on Solana.
The card lets customers hold a stable-dollar balance and spend anywhere Visa is accepted, whether online, in stores, or across borders, according to the announcement. It combines Rain card infrastructure, Crossmint wallet capabilities, and the Stellar network. For related coverage, see Witkoff Reports $107M in 2025 World Liberty Entity Income.
What the announcement establishes
MoneyGram identifies the product as the MoneyGram Card, a stablecoin-backed offering aimed at bringing digital-dollar balances into a payments network customers already use. The company frames it as a bridge between crypto rails and conventional card spending rather than a standalone crypto wallet.
Anthony Soohoo, MoneyGram’s chairman and CEO, positioned the card as an extension of the firm’s existing footprint.
“The MoneyGram Card builds on the power of our global payments network, bringing a stable-dollar balance, everyday spending and cash access into the MoneyGram experience customers already use and trust.”
One caveat worth flagging: the material available establishes the launch through MoneyGram’s own announcement, distributed via PR Newswire, and its product page. Independent secondary confirmation of the specifics remains limited, so the details below reflect company statements rather than verified third-party reporting.
How the card connects stablecoins with payments
The “stablecoin-backed” label describes a stable-dollar balance customers hold within the MoneyGram app, which they can then spend through the Visa network. The announcement does not name the specific backing token, the legal card issuer, or the reserve and custody structure, so those mechanics should not be inferred from the named partners.
Notably, USD Coin is only useful here as broad stable-dollar market context, not as the card’s confirmed backing asset; USDC traded at $0.99987 at the time of the release. The firm’s earlier work to enable instant crypto-to-fiat settlements on Stellar using USDC underlines how central the Stellar network has become to its stablecoin strategy.
On spending and settlement, customers can enroll and manage their balance and spending within the MoneyGram app and add the card to Apple Wallet or Google Wallet. For cash access at launch, customers can transfer themselves funds from their MoneyGram balance and collect local currency at a nearby MoneyGram location, a self-transfer workflow that is distinct from direct ATM withdrawals.
Availability, fees and eligibility to confirm
The card was available in Colombia at launch, with expansion to more markets planned for the coming months. A physical card supporting ATM withdrawals and in-person purchasing is planned for late 2026, which MoneyGram presents as a forward-looking plan rather than a completed rollout.
Planned physical-card rollout
Late 2026
On cost, the official product page advertises no monthly or annual fees, though that does not establish that every transfer, currency exchange, or cash withdrawal is free. The same page requires identity verification to activate the card, and lists controls that let users track pending charges, transactions, refunds and declines, freeze or unfreeze the card, and receive transaction notifications.
The supplied material does not establish full country eligibility, complete fee and FX terms, applicable deposit protections, or a named issuing bank. Prospective users in markets beyond Colombia should treat broader availability as planned rather than live.
The launch lands as broader crypto sentiment sits in “Greed” territory, with the market’s Fear & Greed Index at 69, a backdrop reading that reflects overall market mood rather than any reaction to the card itself. Taken alongside rivals building similar rails, including how Kraken’s cash-out at MoneyGram expanded to more than 100 countries, the card signals that stablecoins are increasingly being packaged for point-of-sale spending rather than pure remittance.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.