Crypto: New Okx Release Eu Stablecoin Payment Card Via Regulated Issuer...

OKX says the card supports USDC and USDG spending, is issued via Monavate on Mastercard’s network and is available to verified EU users.

Cryptocurrency exchange OKX is rolling out a payment card in Europe, allowing users to spend stablecoins at merchants accepting Mastercard.

The OKX Card is issued through the company’s Electronic Money Institution (EMI) partner, Monavate, OKX said Wednesday in an announcement shared with Cointelegraph.

At launch, the card supports spending in stablecoins including Circle’s USDC (USDC) and the Paxos-issued Global Dollar (USDG).

The move comes as crypto companies seek to expand the use of stablecoins for everyday payments under Europe’s evolving crypto regulatory framework.

“With OKX Card, we’re making it simple for anyone in Europe to use crypto for real-world purchases,” OKX Europe CEO Erald Ghoos said.

OKX is a regulated crypto-asset service provider (CASP) in the European Union under the Markets in Crypto-Assets Regulation (MiCA) framework. The OKX Card itself is regulated through Monavate, the EMI that issues the card and operates it on Mastercard’s global network.

Headquartered in the United Kingdom, Monavate operates within the European Economic Area in compliance with strict Anti-Money Laundering (AML) and Know Your Customer (KYC) standards, a spokesperson for OKX told Cointelegraph.

Monavate is set to be acquired by self-custodial wallet provider Exodus under a definitive agreement announced in November 2025, as part of the acquisition of its parent company W3C Corp and affiliated firm Baanx.

While the OKX Card is based on OKX Pay, a self-custodial wallet accessible through the OKX app that can be topped up directly from the exchange, the card offering is only available to verified OKX users.

Source: CoinTelegraph