MoneyGram has launched the MoneyGram Card, a stablecoin-backed Visa card built on the Stellar network, though the initial rollout is limited to Colombia and stops short of the physical-card and ATM features the company has promised for later this year. The MoneyGram stablecoin Visa card lets customers hold a stable-dollar balance and spend anywhere Visa is accepted, but several practical details, including the exact token backing the card, remain unspecified.
MoneyGram announces a stablecoin Visa card on Stellar
MoneyGram announced the MoneyGram Card on September 10, 2026, describing a stablecoin-backed Visa product that plugs into its existing global payments network. The release was timestamped 10:30 ET. For related coverage, see Crypto ETF Flows: Altcoins Gain $59M, Bitcoin Loses $120M.
The initial product is a virtual card, and MoneyGram frames it as an extension of the app-based service customers already use. Customers hold what the company calls a stable-dollar balance and can spend anywhere Visa is accepted, including online, in stores and across borders.
Anthony Soohoo, Chairman and CEO of MoneyGram, said the MoneyGram Card builds on the power of the company’s global payments network, bringing a stable-dollar balance, everyday spending and cash access into the MoneyGram experience customers already use and trust. The statement is company commentary from an interested party rather than independent analysis.
On the bear side, the launch is narrower than the headline suggests. Availability is limited to Colombia at the start, with additional markets planned in the coming months, and the release does not name a legal issuing entity or a new regulatory approval. This card launch follows MoneyGram’s broader push into blockchain rails, including its earlier move to expand crypto cash-ramp support to Solana.
How Visa and Stellar fit into the card
The card combines three named participants: Rain’s card infrastructure, Crossmint’s wallet capabilities and the Stellar network. MoneyGram positions Stellar as the underlying blockchain and Visa as the acceptance rail, letting customers add the virtual card to Apple Wallet or Google Wallet and manage spending inside the MoneyGram app.
Notably, the announcement does not name the specific token. Despite the historical use of Circle’s USDC in MoneyGram’s Stellar app, the current card’s exact stablecoin denomination is not established by the launch materials.
The distinction matters because a stable-dollar balance held on Stellar is not the same as merchants receiving stablecoins. Visa acceptance implies the usual authorization and settlement flow, and the fetched materials do not describe the conversion mechanism, FX spread or how on-chain balances translate into card authorizations. Those payment-flow details are gaps in the available information, not confirmed features.
The Stellar tie-in predates this card. An earlier partnership announcement identified Stellar, Crossmint and USDC as powering the MoneyGram app’s stablecoin balance, already live in Colombia and expanded to El Salvador, though that describes the app service rather than card availability in El Salvador. Rival remittance players are testing similar rails, as seen in Western Union’s stablecoin remittance pilot.
Card availability, eligibility and fees
At launch the card is virtual and available in Colombia, with the company citing additional global markets in the coming months. Customers sign up and manage the card within the MoneyGram app, so signup access outside Colombia is not yet confirmed.
MoneyGram’s product page states there are no monthly or annual fees and that customers must complete identity verification to activate the card. No monthly or annual fees is not the same as all transactions being free; the full fee schedule, FX spread and transaction limits are not disclosed in the fetched materials.
The product page also says users can track pending charges, transactions, refunds and declines, freeze or unfreeze the card, and receive transaction notifications. At launch, the described cash-access route is to transfer funds to oneself from the MoneyGram balance and collect local currency at a MoneyGram location.
A physical card enabling ATM withdrawals is planned for late 2026. That is a roadmap feature, not confirmed launch-day functionality, so prospective users evaluating cash access today should weigh the transfer-to-self route rather than assume card-based ATM withdrawals.
Market context and industry reaction
XLM, Stellar’s native token, traded at $0.176186, down 2.44% over 24 hours, with a market capitalization near $6.13 billion. No causal relationship between the card announcement and the token’s price move has been established.
XLM price · USD
$0.176186
24-hour change: −2.44%
Broad crypto sentiment sat in Greed territory, with the Fear & Greed Index reading 56 on September 11, 2026. That gauge reflects the overall market, not XLM or this launch specifically.
On the bull side, exchange Bitso welcomed the launch on September 11, framing it as good news for Stellar. It is one exchange account’s reaction and does not establish Bitso as a card partner; MoneyGram’s release names only Rain and Crossmint.
Noticia del día: ya salió la Visa de MoneyGram con stablecoin, en Stellar.
Saldo en stablecoin. Gasto por Visa. En la red de $XLM.
Las buenas noticias continúan para Stellar. https://t.co/TREGUoUKWL
— Bitso (@Bitso) September 11, 2026
Source: @Bitso on X
The launch adds to a run of stablecoin and asset-management product rollouts across the industry, from Kraken’s kHYPE token to exchange tooling like OKX’s Smart Portfolio. For MoneyGram, the concrete near-term milestone to watch is the late-2026 physical card and the expansion beyond Colombia the company has flagged.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
