MoneyGram Unveils Stablecoin Visa Card for Cross-Border Spending

MoneyGram has launched a Visa card that uses stablecoins to support US dollar balances. The new card allows users to make digital purchases, in-person transactions, or withdraw cash at MoneyGram branches worldwide.

The card is initially available in Colombia and will roll out globally over the next few months. Circle's USDC stablecoin powers the card at launch, with MoneyGram's proprietary MGUSD token set to be integrated in subsequent updates.

MoneyGram CEO Anthony Soohoo stated that the card provides customers with enhanced flexibility and authority to oversee their finances through a unified platform. The company has been integrating stablecoin infrastructure into its conventional remittance operations over the past year.