OKX and Mastercard launch a card for direct stablecoin payments in the EEA

OKX has introduced a Mastercard crypto card for countries in the European Economic Area, enabling users to pay with stablecoins directly at any merchant that accepts Mastercard. The rollout marks one of the company’s largest moves to merge everyday payments with digital assets.

The card has no transaction or FX fees, and stablecoins are converted to euros instantly at checkout with a 0.4% market spread. Users maintain full self-custody of their assets, which remain in their wallet until the moment a transaction is executed.

To attract new users, OKX is offering instant crypto rewards: up to 20% cashback on select purchases for a limited time.

OKX Europe head Erald Ghoos said the goal is to make stablecoins a practical tool for daily spending. Mastercard noted that the partnership helps bring stablecoins into the “financial mainstream” by combining the company’s payment network with OKX’s digital asset infrastructure.

The collaboration has been expanding since spring, when Mastercard announced plans to broaden OKX’s product offerings and co-develop digital asset solutions. Mastercard’s global stablecoin strategy includes wallet infrastructure, merchant tools, on-chain transfers, and improved settlement mechanisms.

OKX is also building out its payment ecosystem: over the summer, the company added PayPal support for transfers and deposits across the EEA and simplified USD–USDC conversions through a partnership with Circle.

The card launch highlights intensifying competition in the crypto payments market, where stablecoins are becoming central to real-world digital asset use. The new product combines the flexibility of on-chain management with Mastercard’s familiar infrastructure, making it one of the most advanced financial offerings in the European crypto sector.