Stellar-Powered MoneyGram Card Brings Stablecoin Payments to Latin America
MoneyGram has partnered with fintech platform Rain and crypto service Crossmint to launch a new stablecoin-based debit card in Colombia, powered by the Stellar (XLM) blockchain network.
The virtual Visa card allows users to convert digital dollars directly into everyday purchases and can be linked to Apple Pay or Google Wallet for contactless payments.
The product is tailored to the Latin American market, where cross-border remittances play a major role, and consumers seek accessible tools to protect their funds from inflation.
Key features of the project include automatic USDC conversion at checkout, Apple Pay integration, and no deposit insurance. The card will also support MoneyGram's own stablecoin, MGUSD, which was issued on Stellar earlier this year.