Stablecoin News: MoneyGram Adds USDC Visa Card for Colombia Users

Key Insights:

• Today’s stablecoin news focuses on MoneyGram launching its first stablecoin-backed Visa card.
• The card supports spending USDC, mobile wallets, and cash pick-ups in local currency.
• MoneyGram also plans to support MGUSD after launching the USDC-backed card.

Recent stablecoin news from MoneyGram focuses on a USDC-backed Visa card for eligible customers in Colombia. USDC provides the stable-dollar backing for the card balance at launch. The digital MoneyGram Card lets users hold that balance and spend online, in stores, or across borders.

Customers can also convert funds into local currency through MoneyGram’s retail network. The launch adds everyday card payments to the company’s existing stablecoin transfer and cash-conversion services.

According to MoneyGram, Colombia marks the first market for a product designed to reach more countries. Chairman and CEO Anthony Soohoo says the service combines balance management, spending, and cash access within one interface.

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