MoneyGram Unveils Stablecoin-Backed Card for Global Spending

MoneyGram has launched its MoneyGram Card, a stablecoin-backed card that allows customers to hold a stable-dollar balance and access cash worldwide. The card is designed for eligible customers across borders and can be used anywhere Visa is accepted.

The card gives customers a stable-dollar balance they can use for everyday spending, with the option to add it to Apple Wallet or Google Wallet. Within the MoneyGram app, customers can sign up for the card in a few taps and manage their balance and spending in one place.

To access cash, customers can transfer funds from their MoneyGram balance and pick up local currency at a nearby MoneyGram location.

The card is developed in partnership with Rain, Crossmint, and Stellar. It uses enterprise-grade infrastructure for stablecoin-powered payments and delivers fast, simple, and immediate access to funds.