OKX’s stablecoin spending card waives transaction and FX fees for eligible U.S. users

OKX says its Mastercard-powered stablecoin spending card is available to eligible U.S. customers, allowing purchases backed by wallet balances without first converting them to fiat. The virtual OKX Card supports USDC, USDT and USDG, with no transaction or foreign exchange fees on purchases. Its advertised cashback reaches 10%, but that rate requires eligible USDG spending, Autopay and the highest rewards tier. Key takeaways OKX Pay balances back purchases made with the virtual Mastercard. USDG cashback starts at 2%, with tier-based limits and an Autopay requirement. USDG yield reaches 10% APY, while amounts above $10,000 earn the 3.5% base rate.

Source: The Cryptonomist