# MoneyGram Card launches Visa spend in Colombia > MoneyGram launched a USDC-backed Visa card in Colombia on Sept. 10. Eligible users can hold a dollar balance in the app, spend at Visa merchants, or pick up cash at agents. - **Source:** https://ptycoin.com/en/posts/2026-09-11-moneygram-card-visa-colombia/ - **Published:** 2026-09-11 - **Category:** News - **Author:** Mateo - **Tags:** remittances, stablecoins, payments, colombia, fintech, cross-border - **Also published in:** [Español](https://ptycoin.com/es/posts/2026-09-11-moneygram-card-visa-colombia/) --- **MoneyGram** launched the **MoneyGram Card** on **September 10, 2026**, a stablecoin-backed Visa card that is live first in **Colombia**, so eligible customers can hold a dollar balance inside the MoneyGram app and spend it where Visa is accepted. That is the consumer spend product sitting on top of a remittance network that already moves cash through nearly **500,000** retail locations. The [PR Newswire release](https://www.prnewswire.com/news-releases/introducing-the-moneygram-card-giving-customers-more-freedom-to-use-their-money-wherever-life-takes-them-302875353.html) and the [product page](https://www.moneygram.com/us/en/moneygram-card) describe one flow: receive money, keep a stable-dollar balance, tap to pay, or send funds to yourself and pick up local currency at a nearby MoneyGram agent. ## What ships in the app today The card is virtual for now. Customers in an active market complete MoneyGram's know-your-customer checks, sign up inside the existing app, and add the card to Apple Wallet or Google Wallet for tap-to-pay and online checkout. The company product page says there are no monthly or annual fees to hold the card. It does not publish the FX spread, merchant conversion, or cash-pickup charges that actually hit a Colombian peso purchase. A MoneyGram spokesperson told [The Block](https://www.theblock.co/news/business/2026-09-10-moneygram-card-stablecoin-visa-colombia-414137) the card runs on **USDC** at launch, with MoneyGram's own **MGUSD** token planned to follow. Asked why the firm does not call it a debit card, the spokesperson said the product is "stablecoin-backed and is not a traditional bank account or fiat-currency balance." [CoinDesk](https://www.coindesk.com/business/2026/09/08/moneygram-unveils-stablecoin-backed-card-as-digital-dollars-move-into-everyday-spending) reported the same USDC-then-MGUSD sequence two days earlier, on 8 September, when the card was still described as forthcoming. The stack is named. **Rain** supplies the card program, **Crossmint** the wallet layer, and the **Stellar** network the chain the balance moves on. MoneyGram says a physical card, with ATM withdrawals, is scheduled for late **2026**. Until then, cash still means an agent window: transfer to yourself from the app balance and collect pesos at a participating location. Direct ATM cash-out is not part of the virtual launch. Colombia is the only live market. The Block's spokesperson said expansion is planned first across Latin America and declined to name the next countries. The press release is vaguer still: "more global markets in the coming months." ## Why Colombia is the first till Colombia is a dense remittance market, not a test village. Banco de la República's [year-end 2025 balance-of-payments report](https://www.banrep.gov.co/sites/default/files/informeBOP202504.pdf) put worker remittances at **US$13.098 billion**, up **10.6%** from 2024, equal to **2.9%** of GDP. The United States and Spain still supply most of that flow. A dollar balance that can sit in the same app the family already uses for pickups, then spend at ordinary Visa merchants, is the job the card is built for: keep the transfer in dollars until the panadería or pharmacy actually needs pesos. Readers of this desk already saw the two earlier cuts of the same race. [Western Union's Stablecard](/en/posts/2026-08-06-western-union-stablecard-rain-usdpt/) shipped on August 4 with Rain as well, but on **USDPT** over **Solana** and in a claimed **37** markets. [MoneyGram Ramps on Solana](/en/posts/2026-08-14-moneygram-ramps-solana-rift/) was a developer API into cash-in and cash-out, not a consumer card. The MoneyGram Card is the hold-and-spend layer for MoneyGram's own app users, on Stellar, starting in one country. Same Rain plumbing, different token, different chain, different front door. MoneyGram has been on this path since a **2021** cash-to-USDC partnership with the Stellar Development Foundation. **MGUSD** arrived in June 2026 via Stripe-owned **Bridge**, as [The Block reported at the time](https://www.theblock.co/news/business/2026-06-02-moneygram-debuts-mgusd-stablecoin-on-stellar-for-its-global-payments-network-403320). The new card is also a replacement: the spokesperson told The Block that MoneyGram Account, a fiat Visa debit issued by Pathward, was discontinued in December 2025. This is the firm's only current card, and it is the first one backed by a stablecoin. ## Custodial spend, not keys you hold The MoneyGram Card is brand-controlled infrastructure. The balance lives in MoneyGram's app under Rain and Crossmint. Freeze and unfreeze, transaction alerts, and KYC are the product. You do not get a seed phrase, and you should not treat the splash screen as a wallet you alone can open. If the app locks, the agent network still exists for a classic cash pickup; that is a customer-service path, not self-custody. For readers who already hold USDC on a wallet they seed themselves, this is competitive context. A legacy remittance brand is selling the same "keep dollars, spend anywhere Visa works" job without asking anyone to learn a chain. The trade is convenience against counterparty risk: MoneyGram, Rain, Crossmint, and the issuer stack can freeze, limit, or close an account in ways a hardware wallet cannot. They solve different jobs. Do not move long-term savings onto a spend card because the logo is familiar. Fees will decide whether Colombian families actually keep the dollar balance or cash out on arrival, as they always have. The launch materials name no POS conversion rate, no ATM schedule for the physical card, and no corridor-level cost versus a standard MoneyGram transfer into pesos. Until those numbers are in the app for a real Colombian user, treat "no monthly fee" as a card-holding claim, not an all-in remittance price. ## Takeaway On September 10 MoneyGram put a live consumer card on the street in Colombia: **USDC** in the MoneyGram app, Visa spend via **Rain**, wallets via **Crossmint**, rails on **Stellar**, with **MGUSD** and a physical ATM card promised later. Banco de la República's **US$13.098 billion** remittance print is why the first till is there. Watch three things before calling it a rail: which other LatAm markets actually KYC and fund, what a peso purchase costs at the terminal, and whether balances stay in the app between payday and grocery day. This is product news about how a remittance incumbent is attaching a spend layer to dollar stablecoins, not advice to hold USDC, MGUSD, or a balance inside any app. --- ## Keep reading - [What is Bre-B? Banco de la República's instant-payment keys move pesos in about 20 seconds, and you can buy or cash out USDT only when the venue's deposit screen actually lists that rail instead of PSE](https://ptycoin.com/en/posts/2026-09-08-what-is-bre-b-colombia-stablecoins/index.md): Bre-B is Colombia's instant-payment rail: a llave, about 20 seconds, 24/7. Buy or cash out USDT only if the venue lists Bre-B; many still use PSE. - [How do you receive money in Mexico with stablecoins and SPEI? USDT or USDC lands on-chain or at a Mexican exchange, you sell for pesos, and SPEI pushes MXN to your 18-digit CLABE when CURP and bank details match](https://ptycoin.com/en/posts/2026-09-01-receive-money-mexico-stablecoins-spei/index.md): Receive USDT or USDC in Mexico, sell for pesos, SPEI to your CLABE. CURP, network choice, and matching names decide whether the cash-out clears in minutes. - [How do you buy and cash out USDT with Pix in Brazil? Deposit BRL at a local exchange, buy Tether, withdraw on-chain, then reverse the path to send reais back to your bank](https://ptycoin.com/en/posts/2026-08-25-buy-cash-out-usdt-pix-brazil/index.md): Buy USDT with Pix in minutes at a Brazilian exchange, withdraw to self-custody, then sell and Pix the reais home. Network choice and the R$35k DeCripto line matter. --- Source: PTYcoin — https://ptycoin.com/en/posts/2026-09-11-moneygram-card-visa-colombia/. Free to read and cite with attribution to ptycoin.com. AI-usage terms: https://ptycoin.com/en/ai-usage/