MoneyGram Card Brings USDC to Visa Payments

Published: 2026-09-13 05:55:31 |

MoneyGram launched the MoneyGram Card in Colombia, bringing USDC payments to Visa’s merchant network. The digital card lets users spend stablecoin balances through the MoneyGram app and add the card to Apple Wallet or Google Wallet for online and contactless payments. Users can also transfer funds to themselves and collect local currency at MoneyGram cash-pickup locations. USDC is the only supported stablecoin at launch. MoneyGram plans to add its MGUSD stablecoin in the future. The card has no monthly, annual, issuance, purchase, foreign-exchange or currency-conversion fees. A $1 monthly inactivity fee applies after three consecutive months without spending, ATM or top-up activity. Rain provides the card infrastructure, Crossmint supplies embedded wallets, Stellar supports blockchain settlement and Visa provides merchant acceptance. MoneyGram plans to launch a physical card with ATM access in late 2026. The physical card is expected to cost $7, while ATM withdrawals will cost $1 plus 0.65% of the amount withdrawn. The MoneyGram Card expands the company’s role from cash remittances and on- and off-ramps into wallets, developer APIs, stablecoin issuance and everyday payments. For traders, the launch strengthens the real-world payments case for USDC and could support stablecoin transaction demand. However, the Colombia-only rollout and the absence of a MoneyGram trading token limit the short-term price impact on USDC and Stellar.

Neutral

The announcement is strategically positive for stablecoin adoption but is unlikely to create a significant immediate price catalyst. The Colombia-only launch gives USDC a new payment use case and may gradually increase demand for stablecoin settlement. Stellar could also benefit from greater transaction activity if the network handles meaningful payment volume. In the short term, traders are likely to view the news as modestly constructive but not sufficient to materially move USDC or XLM prices. USDC is designed to maintain a stable value, so increased usage should affect demand and liquidity more than its market price. The launch also does not introduce a MoneyGram token or provide evidence of large transaction volumes. Over the longer term, a wider international rollout, MGUSD integration, physical cards and ATM access could strengthen the payments narrative for USDC and Stellar. Until those developments occur, limited geographic availability and competition from other stablecoin payment products support a neutral market-impact assessment.