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.
Geographic exclusions include New York and Massachusetts.
How OKX’s stablecoin spending card works in the U.S.
The OKX Card uses USDC, USDT and USDG held in an OKX Pay wallet to secure a customer’s spending limit. OKX says customers do not need to convert those holdings to fiat first or transfer funds into a separate balance.
Access covers eligible customers in most U.S. states and select territories. Massachusetts and New York are excluded, along with American Samoa and Guam. The card is also unavailable in Puerto Rico, the Northern Mariana Islands and the U.S. Virgin Islands.
Purchase fees and contactless payments
OKX charges zero transaction fees and zero foreign exchange fees on card purchases. Customers can activate the virtual card through the OKX app and add it to Apple Pay or Google Pay for contactless payments.
The stablecoin spending card operates through Mastercard’s global merchant network. Customers can also make manual repayments using their linked USD balance, although USDG cashback requires Autopay.
Cashback, yield and subscription benefits
Eligible USDG purchases earn cashback ranging from 2% to 10% when Autopay is enabled. At the highest tier, annual USDG rewards are capped at $18,000 , applying to monthly spending of up to $15,000.
Separately, USDG held in OKX Pay can earn up to 10% APY , depending on the customer’s tier. Amounts above the $10,000 cap receive the 3.5% base APY.
Eligible cardholders also receive 50% back on selected subscriptions , including OpenAI, Claude and Netflix, subject to a $20 monthly limit. The subscription benefit requires no enrollment.
The referral offer pays $10 in USDG to both the referring customer and their friend after three qualifying transactions are completed.
How OKX Pay sets cashback and APY tiers
OKX Pay assigns the highest tier a customer qualifies for across three measures: OKX VIP status, average OKX Pay balance over 30 days, or OKX Card spending over 30 days. That tier determines both the cashback rate and the USDG APY.
Existing OKX VIP customers receive an automatic match to the equivalent Pay tier. OKX says customers receive the highest rate available to them under this system, with the spending and balance caps governing the advertised maximum benefits.
WebBank issues the card
WebBank is the issuer of the OKX Card, and terms apply. OKX says the U.S. offering extends a stablecoin spending experience already available in other markets; its platform serves more than 150 million people globally.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
