MoneyGram Lauunches Visa Stablecoin Card as Remittance Rivals Expand
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
MoneyGram has launched a Visa-branded stablecoin debit card, initially as a virtual card in Colombia compatible with Apple Wallet and Google Wallet, with plans for a physical card and broader rollout later in the year. This follows a similar launch by remittance rival Western Union, which is also partnering with the same infrastructure provider, Rain. MoneyGram recently introduced its MGUSD stablecoin on Stellar and expanded crypto wallet integrations, signaling increased focus on blockchain-based cross-border payments.
Why it matters
The development highlights ongoing efforts by major remittance companies to leverage stablecoins and blockchain technology to reduce transaction costs and improve payment efficiency. The World Bank has acknowledged stablecoins as a significant tool for lowering global remittance costs, noting that debit cards present the cheapest method to receive remittances.
Key context
MoneyGram launched MGUSD, its proprietary stablecoin on the Stellar blockchain, in June and integrated it with its app through a self-custodial wallet. The recent addition of a Solana wallet link further expands its crypto infrastructure. Western Union’s Stablecard, launched last month, uses the same infrastructure provider, Rain. The World Bank’s analysis from September 2025 finds debit cards to have the lowest remittance fees at 3.61%.
Key numbers and entities
MoneyGram, Western Union, Visa, Rain (infrastructure provider), MGUSD stablecoin, Stellar blockchain, Solana wallet, Apple Wallet, Google Wallet, World Bank, 3.61% remittance cost figure.
What remains unclear
The source does not provide details on the specific markets targeted beyond Colombia, the pricing or fee structure of the MoneyGram stablecoin card, or timelines for broader physical card deployment. The extent of user adoption or integration depth with other financial systems is not established.