TREE NEWS update: MoneyGram has launched its stablecoin-backed Visa card in Colombia, letting users spend the dollar balance held inside the MoneyGram app anywhere Visa is accepted. The virtual card was first promised a year ago. MoneyGram has not disclosed which stablecoin now backs the card.
MoneyGram’s Stablecoin Visa Card Goes Live in Colombia
AI take
The notable shift here is less the card itself than the channel: a remittance brand converting an in-app dollar balance into everyday card spend, which puts stablecoin rails behind ordinary Visa transactions rather than in a separate crypto wallet. Colombia's outbound-remittance relevance and the year-long gap between promise and launch suggest execution, not demand, was the constraint. MoneyGram's silence on which stablecoin backs the card is the detail worth watching, since issuer and reserve choice determines the compliance and redemption profile users are actually exposed to.
Generated by AI for reference only.
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