stable coins
By Evie Vavasseur
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What happened. MoneyGram just launched a Visa card that lets people spend USDC in everyday transactions.
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The historical context. MoneyGram didn't invent this idea from scratch. Traditional finance has been poking at blockchain…
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Why it matters. Latin America is probably the right place to test this.
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What to watch. A few things worth tracking closely over the coming months.
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MoneyGram just launched a Visa card that lets people spend USDC in everyday transactions. It's live in Colombia first, running on the Stellar blockchain.
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Stellar isn't a random pick here. The network was built specifically for cheap, fast cross-border payments — the kind of infrastructure that makes sense when you're targeting…
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The card is real. The ambition is big. Whether Colombian consumers bite is still unclear.
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PayPal went further in 2020, letting users buy, sell, and hold crypto directly in their accounts.
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What MoneyGram is trying is different from both. JPM Coin never touched retail. PayPal's crypto feature is opt-in and niche.
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Latin America is probably the right place to test this. The region has seen sharp crypto adoption, driven partly by currency instability and partly by the sheer cost of sending…
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See also: Uniswaps New StablePair Hook Revolutionizes Dynamic Fees for Stablecoin Pools
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The Stellar network's cost structure matters here. Cross-border transfers on Stellar are cheap.
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And Visa's involvement isn't cosmetic. Visa's network is accepted basically everywhere. Slapping Visa on a stablecoin card gives consumers a reason to trust it, even if they've…
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The losers in this scenario, if it works, are probably traditional banks that have been slow to move.
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See also: Tom Lee Predicts Strong Crypto Market Ahead as Four-Year Cycle Approaches Trough
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