Written by Robert Lakinstaff editorReviewed by Yohan Yunstaff editor

Written by Robert Lakinstaff editor

Reviewed by Yohan Yunstaff editor

MoneyGram launches Visa stablecoin card as remittance rivals expand

Latest NewsPublishedSep 10, 2026

MoneyGram is following rival Western Union’s lead, rolling out a Visa stablecoin debit card as it expands blockchain-based payments.

MoneyGram is expanding its stablecoin activities, introducing a Visa-branded stablecoin debit card just weeks after a similar move by global remittance rival Western Union.

The MoneyGram Card will initially debut as a virtual card in Colombia that can be used with Apple Wallet or Google Wallet, the company stated in an announcement. It plans to introduce a physical card option as it expands to additional markets later this year.

It is working with infrastructure provider Rain on the new card. Western Union is also working with the provider in the roll-out of its Stablecard, revealed last month.

In June, MoneyGram introduced its MGUSD stablecoin on Stellar, as it deepened its push into blockchain-based cross-border payments, integrating MGUSD with its proprietary app through a self-custodial wallet.

Last month, it revealed a link with Solana wallet as it expanded its crypto ramps.

The World Bank has identified stablecoins as a key tool in reducing the cost of global remittances. Its September 2025 analysis of trends in the cost of remittance services found that debit cards are the lowest cost instrument to receive remittances, at 3.61% of the transmitted amount.

Related: US Bank tests proprietary stablecoin in cross-border Stellar transaction

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• MoneyGram
• Western Union
• Stablecoin
• Visa
• Industry

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