Original sourcePYMNTSAdditional: Finextra
Summary
OKX and Mastercard have expanded the OKX Card to most U.S. states and some territories. The virtual card lets users spend directly with USDC, USDT, and USDG in their OKX Pay wallet at Mastercard-accepting merchants without first converting to fiat, with no transaction or foreign exchange fees. Card…
Key points
- For those wanting to use stablecoins for everyday spending, this explains the supported currencies, fee structure, and card issuance process, and notes which states are not yet available.
- A major exchange connecting stablecoin wallets directly to a mainstream card network is a concrete example of stablecoins moving from holding to everyday payments.
- Users in compliant U.S. regions can pay directly with existing stablecoin balances and earn rewards; merchants complete transactions through existing Mastercard acquiring flows without handling onchain assets themselves.
- The report notes the card was previously launched in Europe, South Asia, and Africa; this is a U.S. market expansion.
Editorial note
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