MoneyGram Just Launched Its First Stablecoin-Backed Visa Card. Here's What Crypto Investors Need to Know.
The MoneyGram Card might not have the most imaginative name, but it's quite innovative under the hood.
Overview
In mid-September, stablecoins received a fresh injection of legitimacy when payments specialist MoneyGram introduced a new Visa-branded debit card backed by one. The product is somewhat unimaginatively called the MoneyGram Card, underpinned by the USDC (CRYPTO: USDC) stablecoin. In turn, Circle Internet Group (NYSE: CRCL) develops and manages the coin.
I believe this is a positive development not only for USDC and the company that co-developed and manages it but also for the wider stablecoin ecosystem. Here's why.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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