MoneyGram Card, a stablecoin-backed Visa card powered by Rain, launched in Colombia. The product shifts MoneyGram's focus from senders to recipients, who can now spend directly from stable dollar balances without conversion, leveraging Stellar's network for instant settlement across 175 million merchant locations.
MoneyGram, an 85-year-old global money transfer leader, launched the MoneyGram Card in Colombia: a stablecoin-backed Visa card enabling recipients to spend directly from stable dollar balances without converting to local currencies. The card runs on stablecoins under the hood but functions like any other card. MoneyGram's backend now settles in stablecoins, reducing treasury float costs across 200+ countries and territories. The card marks a strategic inflection: recipients, not senders, become MoneyGram's ongoing customer. Infrastructure from Rain (card layer), Crossmint (wallets), and Stellar (settlement network) powers the product. MoneyGram is on pace to run roughly $3B of annual FX trading through stablecoins, making the card payment layer complete the ecosystem flow.