MoneyGram Brings Stablecoins to Everyday Payments with Visa Card Launch

MoneyGram has launched its first stablecoin-backed Visa card in Colombia. The card allows users to hold and spend USDC, making it possible for everyday purchases and other spending. This strategic development brings stablecoins closer to everyday payments.

The card is initially available through the MoneyGram app as a digital card, allowing users to manage their balance, add the card to mobile wallets, and use it for online purchases. To be eligible, individuals must complete MoneyGram's know-your-customer process.

MoneyGram plans to expand the service to other Latin American markets in the near future. The company is committed to its stablecoin strategy and sees this as a new use case for its stablecoins. By bringing stablecoins to everyday payments, MoneyGram addresses the growing demand for stable tokens and bridges the gap between digital assets and traditional payment systems.