OKX is launching a payment card in Europe that lets users spend stablecoins at merchants accepting Mastercard, the firm said Wednesday. The card aims to boost everyday use of stablecoins under Europe’s evolving crypto rules.
The card is issued through Monavate and operates on Mastercard’s network, and supports stablecoins including Circle’s USDC and Paxos’s Global Dollar (USDG). The offering links to the exchange’s self-custodial wallet, OKX Pay, which users can top up directly from their accounts.
OKX is a regulated crypto-asset service provider under the Markets in Crypto-Assets Regulation (MiCA), and the card is regulated via Monavate, which follows strict AML and KYC rules across the European Economic Area. All cardholders must complete rigorous KYC and AML checks before use (Ed. note: the card is available only to verified users).
“With OKX Card, we’re making it simple for anyone in Europe to use crypto for real-world purchases,” said OKX Europe CEO Erald Ghoos. He added that the card helps users transact securely in real life while keeping control of their assets.
Monavate announced its planned acquisition by wallet provider Exodus in November 2025 as part of a deal involving W3C Corp and Baanx, according to an announcement announced by the company. Crypto-linked payment activity is rising, with Visa-issued crypto cards reportedly seeing a 525% rise in net spending in 2025.
