OKX Launches Zero-Fee Stablecoin Card in Europe Under MiCA Rules

OKX launches a MiCA-compliant zero-fee stablecoin card in Europe, enabling real-time USDC/USDG payments at Mastercard merchants with Monavate backing.

Rich by Coin

2026-01-28

OKX has entered Europe’s digital payments market with a crypto debit card that allows users to spend stablecoins like USDC and USDG directly at checkout. The card integrates with Apple Pay and Google Pay and is issued by Monavate, ensuring compliance with the European Union’s strict crypto regulations under the MiCA framework. OKX Card is now live in Europe. Spend stablecoins seamlessly, with real-time conversion and no legacy payment friction.

This is stablecoin-first finance, built for the real world. The card’s issuance through Monavate ensures full compliance with the EU’s Markets in Crypto-Assets (MiCA) regulation, which came into full effect in December 2024. MiCA requires crypto service providers to meet high standards for licensing, reserves, and consumer protection. Cardholders must complete rigorous Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

The card and app are available to verified users in the European Economic Area (EEA). Monavate’s EMI license enables the card to function legally and securely under EU financial law. Christian Rau, Mastercard’s Senior Vice President of Global Digital Commercialization, praised the initiative: “Stablecoins bring more choice to users, and by partnering with OKX, Mastercard is helping bring them into the financial mainstream with trust, scale, and utility.” The OKX Pay wallet app also enables users to interact with DeFi and real-world asset (RWA) opportunities where permitted under local laws.

These features aim to position the card and app as more than just payment tools, but as gateways into the broader Web3 economy. OKX’s move comes at a time when crypto-linked card usage is accelerating. The card’s zero-fee structure and real-time stablecoin conversion could offer tangible advantages over traditional digital payment options, which often involve hidden fees and slow processing across borders. Up to 20% cashback in crypto during the card’s launch promotion. Regular rewards of up to 15% on eligible purchases. VIP perks for high-usage customers.