MoneyGram launches Visa stablecoin card as remittance rivals expand

MoneyGram has rolled out a Visa-branded stablecoin debit card as the firm expands its blockchain-enabled payment offerings. The MoneyGram Card will first appear as a virtual product in Colombia and can be added to Apple Wallet or Google Wallet, with a physical card option slated for later this year as the company moves into more markets. MoneyGram said it is partnering with infrastructure provider Rain on the new card. The launch comes weeks after rival Western Union announced its own Stablecard, and Western Union is also collaborating with Rain on that product. The near-simultaneous introductions from major remittance providers highlight an industry push to embed crypto rails into traditional payout mechanisms. This initiative builds on MoneyGram's earlier moves in the stablecoin space: in June the company issued MGUSD on the Stellar network and integrated it into its app through a self-custodial wallet. The firm also announced a connection with a Solana wallet last month as it broadens its crypto on- and off-ramps. Observers including the World Bank have pointed to stablecoins as a tool for lowering the cost of remittances. A World Bank analysis from September 2025 cited debit cards as the cheapest instrument for receiving remittances, with an average cost of 3.61% of the transmitted amount, underscoring why remittance firms are experimenting with card-based stablecoin solutions.