TLDR
- OKX has launched a new payment card in Europe, allowing users to spend stablecoins at Mastercard-accepting merchants.
- The OKX Card is issued through Monavate, an Electronic Money Institution, ensuring regulatory compliance in the EU.
- The card supports stablecoins such as USDC and USDG, making it easy for users to convert crypto to everyday payments.
- Users must complete a KYC and AML verification process to access the OKX Card, ensuring security and regulatory adherence.
- The launch of the OKX Card comes as cryptocurrency companies seek to expand the use of stablecoins in everyday transactions.
OKX has launched a new payment card for its European customers, allowing them to spend stablecoins at any Mastercard-accepting merchant. The card, issued through the company’s Electronic Money Institution (EMI) partner Monavate, supports stablecoins like USDC and USDG. This move comes as cryptocurrency companies work to expand the use of stablecoins for everyday purchases under Europe’s evolving crypto regulatory framework.
The OKX Card aims to make it easy for users in Europe to spend their crypto assets. According to OKX Europe CEO Erald Ghoos, “With OKX Card, we’re making it simple for anyone in Europe to use crypto for real-world purchases.” This card allows users to spend stablecoins directly from their OKX Pay wallet, which is accessible via the OKX app.
OKX Card is now live in Europe.
We’re modernizing money by bringing compliant onchain payments into everyday life.
Spend stablecoins seamlessly, with real-time conversion and no legacy payment friction.
This is stablecoin-first finance, built for the real world.
— OKX (@okx) January 28, 2026
The card supports spending in stablecoins such as Circle’s USDC and Paxos-issued USDG. Users can top up their card directly from their OKX account, making the transition from digital assets to traditional payments seamless. This launch marks a significant step in bridging the gap between cryptocurrency and the traditional financial system, providing users with the ability to use stablecoins at millions of Mastercard-accepting merchants across Europe.
Regulated in Europe Under MiCA Framework
OKX operates as a regulated crypto-asset service provider (CASP) within the European Union under the Markets in Crypto-Assets (MiCA) regulation. This ensures that the OKX Card meets all necessary legal requirements in Europe. The card is issued and operated by Monavate, a regulated Electronic Money Institution, which ensures compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) standards.
Monavate operates under strict regulations, ensuring that all transactions through the OKX Card meet EU requirements. “Monavate’s rigorous compliance with EU AML and KYC standards guarantees that users can enjoy secure and regulated transactions,” an OKX spokesperson stated. This regulatory framework strengthens the credibility and safety of the card, allowing for secure and legal transactions across Europe.
Mandatory KYC and AML Process for Users
To use the OKX Card, users must complete a thorough KYC (Know Your Customer) and AML (Anti-Money Laundering) verification process. This ensures that all cardholders are verified and meet the legal standards required by European financial regulators. The card is only available to users who pass these checks, reinforcing the importance of compliance in cryptocurrency transactions.
The card aims to meet a core financial need: to enable users to pay and be paid in real-world transactions. Ghoos commented, “Fundamentally, most people have three financial needs: to pay and be paid, to accrue wealth, and to access credit. OKX Card provides a practical tool to meet the first of those.” By offering stablecoin payments through a widely accepted network, OKX brings crypto closer to mainstream use in Europe.
With the growing popularity of crypto-linked payments, the launch of the OKX Card further supports the trend. Visa’s crypto cards saw a 525% increase in total spending in 2025, highlighting the rising demand for such services.
