Mg-based metallic glass (MG) has attracted extensive attention in the field of wastewater treatment due to its high decolorization rate in degrading azo dyes. However, the azo dye degradation rate of Mg-based MGs is strongly dependent on the particle size. Improving the intrinsic degradation efficiency using large particles is of great interest for future applications. In this work, in-situ metallic glass matrix composites (MGMCs) with high Mg content were successfully prepared by melt spinning. It is found that when the Mg content is 79–82%, the as-spun sample shows typical glassy characteristics. The SEM and XRD tests confirm that the as-spun sample is composed of α-Mg dendrite, multiple Mg-Zn intermetallic particles and an MG matrix. The degradation experiment using Direct Blue 6 and a 500 μm particle sample demonstrate that the Mg82Zn14Ca3Sr1 MGMC sample degrades azo dyes faster than typical Mg-Zn-Ca MG alloy. It can be attributed to the galvanic cell effect on the α-Mg/MG interface, which reduces the waste of active Mg atoms in the MG matrix according to the corrosion protection mechanism by the α-Mg anode sacrifice. This result provides a new perspective and insight into the design of azo dye degradation alloys and the understanding of degradation mechanisms.