MoneyGram introduced the MoneyGram Card on September 10, 2026. The card runs on the Visa network. Customers reach it directly inside the MoneyGram app, so no separate account exists. They can spend online, in physical stores, and across borders. Additionally, users can load the digital card into Apple Wallet or Google Wallet for tap-to-pay purchases. The app also lets customers track activity and freeze or unfreeze the card instantly. MoneyGram plans to ship a physical card later in 2026. Colombia receives the product first, and more markets follow in the coming months.
Anthony Soohoo, MoneyGram’s chairman and CEO, framed the launch around user control. “We’re giving customers more freedom and control to manage their money, all in one place,” he said in the announcement.
Meet the MoneyGram Card.
— MoneyGram (@MoneyGram) September 10, 2026
A stablecoin-backed card built to give customers more freedom to hold, access and spend their money, all within the MoneyGram experience they already know.
𝗕𝘂𝗶𝗹𝘁 𝗶𝗻𝘁𝗼 𝗠𝗼𝗻𝗲𝘆𝗚𝗿𝗮𝗺
Access your card directly through the MoneyGram app. No… pic.twitter.com/7nYOuGUrw6
The Stablecoin Layer Underneath the Card
The card spends from a stable-dollar balance held in the MoneyGram app. Notably, the company did not name a specific token in its release. However, MoneyGram’s existing stack makes the plumbing clear. Its Colombia app balance runs on Stellar and uses Circle’s USDC, with wallet infrastructure from Crossmint. Meanwhile, MoneyGram launched its own stablecoin, MGUSD, on Stellar in June 2026. Bridge, a Stripe company, issues that token, while M0 supplies the smart contract layer and Fireblocks handles custody.
For the card itself, MoneyGram works with Rain on card infrastructure and Crossmint on wallet capabilities. Rain has become a central issuer in this category, reaching a $1.95 billion valuation earlier in 2026. As a result, MoneyGram assembled a spending product without building card rails from scratch.
We’re giving customers more freedom and control to manage their money, all in one place
Anthony Soohoo – MoneyGram’s chairman and CEO
Why MoneyGram Started in Colombia
Colombia is a logical first market for a dollar-denominated balance. The country received a record $13.098 billion in remittances during 2025. Roughly 53% of that money came from the United States. Furthermore, remittances now equal about 2.8% of Colombian GDP. In 2025, they surpassed foreign direct investment for the first time since 2004.
Currency volatility strengthens the pitch. Recipients often want to hold dollars rather than convert immediately into pesos. Consequently, a stable-dollar balance offers a savings function that a cash payout cannot. Colombian households also receive far more than they send abroad, which makes inbound tooling the priority. MoneyGram has already extended the same balance product into El Salvador and signaled further Latin American markets.
The Cash Network Is the Real Differentiator
Plenty of firms can issue a card against a stablecoin. Very few can hand someone physical cash in a small town. MoneyGram operates across more than 200 countries and territories through nearly 500,000 retail locations. It serves over 60 million active customers, and more than 70% of its transactions are now digital. That footprint powers MoneyGram Ramps, its onchain cash on-ramp and off-ramp product.
Ramps launched on Stellar and expanded to Solana in August 2026. Users can deposit cash in 25-plus countries and withdraw local currency in over 170 countries and territories. Therefore, the card is not a standalone product. It is the spending layer on top of an existing dollar corridor. That matters in a market where the global average cost of sending $200 still sits near 6.3%, more than double the United Nations target of 3%.
A Crowded Field of Stablecoin Cards
MoneyGram enters a category that matured quickly in 2026. Visa and Bridge expanded their collaboration in March, moving from 18 live countries toward a target of more than 100. Those cards reach Visa’s network of over 175 million merchant locations. Meanwhile, Mastercard acquired stablecoin infrastructure firm BVNK for $1.8 billion, the largest deal of its kind on record.
Rain also began exploring Mastercard settlement alongside its Visa work. In contrast to those infrastructure players, MoneyGram brings distribution and brand recognition rather than novel rails. Its advantage is the 60 million people already using the app, plus physical locations in places where digital-only wallets struggle.
What to Watch Next
Several details remain open. MoneyGram has not published a fee schedule for the card, including any FX markup or ATM charges. Those numbers will determine whether the product genuinely undercuts traditional remittance pricing. Additionally, the company has not confirmed whether balances settle in USDC, MGUSD, or both over time. Watch the physical card rollout in late 2026 and the pace of market expansion beyond Colombia and El Salvador. Regulatory clarity under the GENIUS Act should also shape how quickly MoneyGram scales the balance product inside the United States.
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