MoneyGram Card by Rain Goes Live with Stellar-Powered Stablecoin Spending

The MoneyGram Card by Rain has officially launched, enabling customers to spend their stablecoin balances anywhere Visa is accepted.

The card runs on Stellar rails and is supported by Crossmint for issuance, extending MoneyGram's payments offering into everyday card-based spending.

This launch presents a significant opportunity for the Stellar network, with its payment network set to benefit from direct consumer adoption. The card will route transactions through Stellar rails, meaning that any activity on the card directly contributes to the network's usage volume and activity.

The MoneyGram Card has been made available to the company's customer base of over 60 million people, giving them a new way to use their stablecoin balances in everyday life. However, it is still uncertain how much value will be captured by XLM (the native asset of the Stellar network) in the short term, making adoption metrics an essential metric to track.