MoneyGram Launches First Stablecoin-Backed Visa Card in Colombia

The significance here is less the card itself than the direction of travel: a legacy remittance incumbent is pushing stablecoins from settlement rails into consumer spending, which is where crypto payments have historically struggled to gain traction. Colombia is a telling first market, given its role as a remittance corridor. What matters next is whether MoneyGram's stablecoin stack — Stellar-based conversions and its own MGUSD — can support card economics at scale, and whether other payments firms follow the same path from payouts to point-of-sale. Whether this becomes a template or a one-off pilot is the open question.