MoneyGram Launches a Stablecoin Card, Starting in Colombia
The remittance network's card holds dollars and spends on Visa. It is Colombia-only and digital for now — and no fees, rewards or stablecoin are named yet.
MoneyGram — a remittance network older than most of the companies in this market — has launched a stablecoin-backed card. It went live on 10 September 2026, and for now you can only get it in Colombia.
The card holds a stable-dollar balance, pays at any Visa merchant, and lets customers take cash out through MoneyGram's network. It is digital only today; the company says a physical card follows in late 2026, so that cardholders can use ATMs and pay in places where a phone is not enough.
What MoneyGram has not published
Three things are missing from the announcement, and they are the three that decide whether a card is worth carrying:
- No fee schedule. Nothing on FX, ATM withdrawals, top-ups or monthly costs.
- No rewards. No cashback rate is mentioned at all.
- No named stablecoin. The release says "stablecoin-backed" without saying which one, though MoneyGram launched its own dollar token, MGUSD, earlier this year.
Until those are published we cannot score it, and it does not appear in our comparison. A card is only comparable once its costs are in writing.
Who builds it
The card runs on Rain's card infrastructure with wallet software from Crossmint, settling over the Stellar network. Crossmint is the same company named in Visa's move to stop memecoin purchases earning card rewards — a reminder of how few companies sit behind the current wave of stablecoin cards.
Anthony Soohoo, MoneyGram's chairman and chief executive, framed it as: "We're giving customers more freedom and control to manage their money, all in one place."
What Colombians can already get
Colombia is not an empty market. Eleven of the cards we track are already available there, including the Binance Card, which serves Brazil, Peru and Colombia specifically, and Ugly Cash, built for the US and fifteen Latin American countries.
Both publish what they charge. That is the bar MoneyGram's card has to clear before it can be compared with them — see all cards available in Latin America for the wider list.
Why it matters anyway
Most stablecoin cards are sold to people who already hold crypto. This one is aimed at a remittance customer who wants dollars that hold their value and spend normally — someone who may never have bought a token.
If that works, it reaches a much larger group than the crypto-native cards do, and it puts a stablecoin balance in front of people on the strength of a brand they already use. Whether it is a good deal is a question the fee schedule has to answer, and MoneyGram has not published one.
Source: MoneyGram, [Introducing the MoneyGram Card](https://www.prnewswire.com/news-releases/introducing-the-moneygram-card-giving-customers-more-freedom-to-use-their-money-wherever-life-takes-them-302875353.html), 10 September 2026. Checked 23 September 2026.
Common questions
Where can you get the MoneyGram Card?
Colombia only, as of its launch on 10 September 2026. MoneyGram says more markets follow in the coming months, and that a physical card arrives in late 2026 — today it is digital only.
What does the MoneyGram Card cost?
MoneyGram has not published a fee schedule. Nothing has been stated about FX, ATM or monthly fees, and no cashback rate is mentioned, which is why the card is not yet scored or compared here.
Which stablecoin backs it?
The announcement says only "stablecoin-backed" without naming one. MoneyGram launched its own dollar token, MGUSD, earlier in 2026, but the card release does not confirm the two are connected.
Cards mentioned in this article
Card figures referenced here come from each issuer's published terms and each card page shows when its data was last verified — see our methodology for how, and the changelog for what has changed since. Rewards and availability vary by region and move often. Not financial advice.