TL;DR:
- MoneyGram launched a stablecoin-backed card that allows users to spend digital dollars at any merchant that accepts Visa.
- The card will initially use Circle’s USDC and later its own MGUSD token; it launches first in Colombia before expanding to other markets.
- Stablecoin card spending volume surpassed $1.1 billion in August, according to PaymentScan data.
MoneyGram announced the launch of a stablecoin-backed card that allows its customers to hold a balance denominated in US dollars and spend it at any merchant that accepts Visa.
The company presented the product at the Consensus 2026 event, where Anthony Soohoo, president and CEO of MoneyGram, led the presentation. The card will be available first in Colombia, with plans to expand to other markets in the coming months.
Meet the MoneyGram Card.
A stablecoin-backed card built to give customers more freedom to hold, access and spend their money, all within the MoneyGram experience they already know.
𝗕𝘂𝗶𝗹𝘁 𝗶𝗻𝘁𝗼 𝗠𝗼𝗻𝗲𝘆𝗚𝗿𝗮𝗺
Access your card directly through the MoneyGram app. No… pic.twitter.com/7nYOuGUrw6— MoneyGram (@MoneyGram) September 10, 2026
Users can sign up through the company’s app, add the digital card to mobile wallets and make purchases online or in physical stores. They can also send money to themselves to withdraw it in cash in local currency at MoneyGram network branches. The company plans to launch a physical version later in the year, which will also allow ATM withdrawals.
MoneyGram: Infrastructure for the Digital Dollar
The card will initially use USDC, the stablecoin from Circle, and will later integrate its own token MGUSD. The product was developed alongside stablecoin payments firm Rain, wallet provider Crossmint and the Stellar blockchain. The MGUSD token, launched in June on the Stellar network, is issued by Bridge, the stablecoin infrastructure company owned by Stripe.
MoneyGram is also listed as one of the partners of Open USD, the initiative led by Stripe that seeks to distribute revenue among a consortium of participants.
Stablecoins are gaining prominence in everyday finance. Dollar-pegged tokens have transcended their original role as trading instruments to establish themselves in cross-border payments, remittances and corporate treasury. Stablecoin card spending volume surpassed $1.1 billion in August, according to PaymentScan data.
The company serves more than 60 million active customers in more than 200 countries and territories, with nearly 500,000 retail points of sale. That network grants it a singular position as a bridge between digital money and physical cash.
