OKX has launched a stablecoin payment card for European users, allowing spending of USDC and USDG at merchants that accept Mastercard. The card is issued through Monavate, a regulated electronic money institution, and is available to users who complete identity verification.
The rollout comes as crypto firms expand payment offerings under the European Union’s Markets in Crypto-Assets Regulation. OKX operates as a regulated crypto-asset service provider in the EU, while Monavate provides the licensing and compliance framework for card issuance across the European Economic Area.
The product highlights growing competition among exchanges to integrate stablecoins into everyday payments. By combining exchange access, self-custody wallets, and regulated payment rails, OKX is positioning stablecoins as a practical settlement tool while aligning with stricter compliance standards for consumer-facing crypto services.
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