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      MoneyGram Introduces Stablecoin-Backed Visa Card in Colombia

      MoneyGram has launched its first stablecoin-backed Visa card in Colombia, allowing users to spend USDC at approximately 100 million merchant locations worldwide. The card, which was introduced on September 10, 2026, is available through the MoneyGram app and enables users to convert their stablecoin holdings into fiat currency at the point of sale. Additionally, customers can visit any of MoneyGram's over 6,000 locations in Colombia to exchange their stablecoins for local currency.

      The decision to launch in Colombia is strategic, as MoneyGram has an established distribution network in the country. The company previously tested consumer interest in stablecoin wallets by launching a USDC-backed mobile app in September 2025. The new Visa card represents a progression from merely storing value in stablecoins to actively using them for everyday purchases.

      The card is powered by Rain, a stablecoin infrastructure provider that also supports Western Union's Stablecard. This partnership positions MoneyGram alongside Western Union in the competitive remittance market, both companies now offering stablecoin spending solutions. MoneyGram plans to further enhance its offering by integrating its own stablecoin, MGUSD, which was introduced in June 2026, into the Visa card in the future. This move allows MoneyGram to control both the stablecoin and the spending mechanism, potentially reshaping the stablecoin landscape.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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