MoneyGram Launches USDC Visa Card for Remittance Users in Colombia

MoneyGram has launched a stablecoin-backed Visa card in Colombia, giving eligible customers a digital way to hold dollar-linked value and spend it at Visa-accepting merchants. The MoneyGram Card begins with USDC and is integrated into the company’s existing mobile app.

What MoneyGram Launched

The MoneyGram Card is a digital payment card available through the MoneyGram app. Customers who meet local eligibility and identity-verification requirements can apply, hold a dollar-denominated balance and use the card for online or in-store purchases.

The card is initially available in Colombia. MoneyGram has indicated that it expects to expand the product to additional markets, beginning with Latin America, but has not published a complete country-by-country timetable.

The launch extends MoneyGram’s role beyond remittance delivery. A recipient can potentially keep a dollar-linked balance in the same app used to receive funds and spend that balance without first converting it into local cash.

Feature	Launch detail
Card format	Digital card inside the MoneyGram app
Payment network	Visa network
Initial balance asset	USDC
First market	Colombia
Planned additions	Physical card, cash access and more markets

How Customers Can Use the Card

Users can add the digital card to supported mobile wallets and use it for contactless or online payments. The card is designed to work at merchants that accept Visa, giving stablecoin balances a familiar payment interface.

MoneyGram’s app lets customers monitor activity and manage the card. The company has also described controls such as freezing or unfreezing the card when needed.

A physical card is planned for a later stage. MoneyGram has said the physical version could broaden access to point-of-sale payments and cash withdrawals, but availability and timing may differ by market.

The product is not the same as a traditional bank debit card. Users should check fees, conversion rates, merchant restrictions, card limits and whether a transaction uses the stablecoin balance directly or a conversion service.

The Stablecoin and Settlement Rails

The initial card balance uses Circle’s USDC, a dollar-referenced stablecoin. The Colombia product operates on Stellar and uses wallet infrastructure from Crossmint, according to launch coverage.

MoneyGram also introduced its own dollar-pegged token, MGUSD, on Stellar earlier in 2026. The company has said it plans to integrate MGUSD into the card, although the exact timing and balance mechanics have not been fully detailed.

Stablecoin settlement can reduce friction in cross-border payments, but it does not remove the need for compliance, liquidity, custody and redemption infrastructure. The ability to spend a token depends on the issuer, card program and local payment partners.

Users should confirm whether their balance is held as USDC, MGUSD or another representation at each stage of a transaction. They should also review what happens if a card is closed, a wallet is inaccessible or stablecoin redemption is delayed.

Why Colombia Is the First Market

Colombia is a major remittance destination in Latin America, making it a natural market for a product that combines cross-border money movement with everyday spending.

A dollar-linked balance can appeal to recipients who want to preserve value between transfers or spend funds without immediately converting the full amount into pesos. The card may also offer a bridge for users who do not have a conventional bank account.

MoneyGram already has customer and agent relationships in the region. Integrating payments into the remittance journey can let the company use those relationships for more frequent financial activity.

Competition is increasing as remittance companies, fintechs and stablecoin issuers test card products. Adoption will depend on merchant acceptance, fees, regulatory treatment, customer support and the reliability of local cash-out options.

Risks and Future Expansion

USDC is designed to track the U.S. dollar, but a stablecoin is not identical to a bank deposit or physical cash. Users should review the issuer’s terms, reserve disclosures and redemption process.

Card users also face ordinary payment risks, including account takeover, unauthorized transactions and loss of access to a mobile device. Identity verification and transaction monitoring may limit transfers or temporarily freeze an account.

Local rules can affect who may hold or spend stablecoins and whether cash withdrawal is available. Expansion into other Latin American markets will require separate regulatory and payment arrangements.

Bottom line: MoneyGram’s Colombia launch puts a USDC-backed Visa card inside a familiar remittance app. The product could make dollar-linked balances more useful for everyday spending, while its long-term reach will depend on fees, compliance, cash access and the planned transition toward MGUSD.

Read MoneyGram’s card information, review independent coverage and learn more about USDC.