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OKX launches Mastercard-backed Europe card to spend stablecoins

OKX has rolled out OKX Pay and an OKX Card in the EU, enabling users to spend stablecoins at merchants via Mastercard’s network [2].

Jan 28, 202610:28 AMNewsroom AI

Crypto exchange OKX launched OKX Pay and an OKX Card in Europe, positioning the product as a compliant way for users to spend stablecoins on everyday purchases across the European Union [2][1].

The card operates on Mastercard’s network and is issued via regulated payments firm Monavate, with OKX saying it supports stablecoins including USDC and USDG that can be used for merchant transactions [4][2][1].

OKX described the solution as onchain payments for EU users; the offering is available to verified users in the region and is routed through a regulated issuer to meet compliance requirements [3][2][4].

The launch brings a stablecoin-based payment option to EU consumers via a Mastercard partnership and a regulated issuer, marking a move by OKX to expand onchain payment capabilities in Europe [2][4].

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