MoneyGram Just Launched Its First Stablecoin-Backed Visa Card. Here's What Crypto Investors Need to Know.

Key Points The product is backed by a leading stablecoin, USDC. This is the digital currency codeveloped and managed by Circle Internet Group. 10 stocks we like better than USDC › 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. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.