OKX Launches Crypto Card In Europe For Stablecoin Payments

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…