Case Study: MoneyGram launches a stablecoin card and expands spendable remittances with Rain

MoneyGram launches stablecoin card for 60 million+ users with Rain

MoneyGram, a global money transfer service with over 60 million active users, faced the challenge of expensive and slow backend settlement processes across more than 200 countries. To reinvent itself and improve customer experience, MoneyGram sought to integrate stablecoins into its infrastructure. The company partnered with vendor Rain to launch the MoneyGram Card, a stablecoin-powered payment solution.

Powered by Rain's card issuing infrastructure, the solution allows users to spend stable dollar balances directly from their app anywhere Visa is accepted. This keeps funds within MoneyGram's ecosystem, transforming recipients into ongoing customers. For MoneyGram, using Rain's technology streamlined its treasury operations by enabling nearly instant settlement with stablecoins, freeing up idle capital. The card completes the company's stablecoin flow, which is already on pace to run roughly $3 billion of its FX trading annually. The MoneyGram Card is live in Colombia with more markets to follow.

MoneyGram