MoneyGram launches its first stablecoin-backed Visa card in Colombia in partnership with Rain.
DeFi & Yields ·
MoneyGram has launched its first stablecoin-backed Visa card in partnership with Rain, with the product initially available in Colombia. The card represents an expansion of MoneyGram's offerings into the stablecoin ecosystem, integrating digital asset functionality with traditional payment infrastructure through the Visa network.
The card's mechanics allow users to transact using stablecoin balances, bridging crypto holdings with everyday spending at merchants that accept Visa. Rain's involvement as the development partner connects the remittance and financial services platform with the Colombian market, where demand for alternative payment rails and cross-border transfers remains significant.
It remains unclear whether the card will expand to additional markets beyond Colombia, what stablecoins will be supported, transaction limits or fee structures, or the timeline for broader availability. The partnership also leaves open how MoneyGram will manage compliance and regulatory approvals across different jurisdictions as it scales the offering.