MoneyGram Launches Stellar-Powered USDC Card in Colombia

MoneyGram has launched a Stellar-powered Visa card that lets users spend USDC directly at retailers, starting with a pilot in Colombia built alongside fintech firm Rain and crypto infrastructure provider Crossmint.

The virtual card connects to mobile wallets for contactless payments, allowing users to spend digital-dollar balances at everyday retail locations without first withdrawing cash. Stellar's official account confirmed the launch on September 10, 2026, noting the card works anywhere Visa is accepted.

How the Conversion Works at Checkout

Users access the card through the MoneyGram app after completing identity verification, then link it to Apple Pay or Google Wallet for Visa payments. At checkout, the system converts USDC into Colombian pesos automatically for settlement. Stellar provides the blockchain infrastructure behind the transactions, while Crossmint handles wallet custody. MoneyGram has said it also plans to add support for its own Stellar-based stablecoin, MGUSD, to the card.

The card is the latest step in the market as more financial institutions look to integratte new technologies to their payment systems as seen with Mastercard's Agent Connect that gives merchants a single integration point to connect with AI shopping agents.

MoneyGram Targets Latin America's Remittance Market

The card positions stablecoin balances as a bridge between remittances and everyday spending. Rather than collecting a remittance in cash, recipients can use digital dollar balances directly at participating merchants. MoneyGram has said it plans to introduce physical cards supporting ATM withdrawals by the end of 2026, with plans to expand the product across Latin America.

The launch follows a broader push by cross-border payment providers to build stablecoin rails into remittance corridors across the region, where high inflation and currency depreciation have made dollar-pegged tokens increasingly attractive for everyday transactions.