OKX Opens U.S. Mastercard Card Backed by Three Stablecoins
Photo: TokenPost
OKX made its virtual Mastercard available to eligible U.S. customers Monday, Nov. 2, letting them make purchases against stablecoin balances held in OKX Pay without converting the tokens at checkout. WebBank issues the product as a secured charge card. USD Coin (USDC), Tether (USDT) and Global Dollar (USDG) in OKX Pay secure the credit used for purchases; the product is not classified as a debit, prepaid or stored-value card. Cardholders can add the virtual card to Apple Pay or Google Pay. When a purchase is authorized, the necessary stablecoin balance is held as collateral.
Source: TokenPost
