MoneyGram Rolls Out Stablecoin-Backed Visa Card, Starting in Colombia
MoneyGram has launched a stablecoin-backed Visa card developed in partnership with Rain, initially available in Colombia. The card allows customers to hold dollar-denominated balances backed by stablecoins and spend them in everyday transactions. The move signals growing mainstream integration of digital dollar infrastructure into traditional payments.
MoneyGram, the global remittance company, has unveiled a Visa card that lets customers hold and spend from a stablecoin-backed dollar balance. The product was developed in collaboration with Rain and marks the company's first card of this type. Colombia is the initial launch market.
The card bridges stablecoin infrastructure with everyday consumer spending, allowing users to transact at any Visa-accepting merchant without needing to manually convert digital assets. The product positions stablecoins as a practical, behind-the-scenes layer for dollar-denominated payments rather than a speculative asset.
MoneyGram has a prior relationship with the XRP ecosystem through its historical partnership with Ripple, which used XRP for cross-border settlement via On-Demand Liquidity. While this new card product has not been confirmed to involve XRP or RLUSD directly, MoneyGram's continued movement into blockchain-based payments infrastructure is relevant context for the broader XRP and Ripple ecosystem.
Key facts
- •MoneyGram launched a stablecoin-backed Visa card
- •Developed in partnership with Rain
- •Initially available in Colombia
- •Card allows customers to hold and spend stablecoin-backed dollar balances
- •Visa network integration enables spending at mainstream merchants
- •No confirmed direct involvement of XRP or RLUSD in this product