Home / Business and Economy / MoneyGram Launches Visa Card for USDC in Colombia
MoneyGram Launches Visa Card for USDC in Colombia
12 Sep
Summary
- MoneyGram launched a Visa card on September 10 for spending USD Coin.
- The card is initially available in Colombia, with physical cards planned.
- MoneyGram chose Circle's USDC over Ripple's RLUSD for this launch.
MoneyGram introduced a Visa card on September 10 that enables customers to spend USD Coin (USDC) wherever Visa is accepted. The initiative is launching first in Colombia, with plans to release a physical card and ATM withdrawal capabilities later in 2026. This card allows users to spend stablecoins directly from a USDC wallet, bypassing the need for a traditional bank account.
Colombia, a key remittance corridor, is the initial market for this digital card, which integrates with the MoneyGram app. The service leverages technology from Rain for card issuance and Crossmint for wallet infrastructure, with Stellar handling settlement. Visa processes merchant transactions.
This launch marks a notable departure from MoneyGram's past collaboration with Ripple on cross-border payments using XRP. Despite Ripple's recent introduction of its own stablecoin, RLUSD, MoneyGram has selected Circle's USDC for this card program. This choice highlights MoneyGram's trust in Circle's stablecoin and its compliance framework.
