OKX SG Launches Visa-Backed OKX Card, Enabling Global Stablecoin Payments With Full Custody

Cryptocurrency exchange OKX has announced that its Singapore-based arm, OKX SG, has launched the OKX Card, a Visa debit card powered by stablecoins, enabling customers to make payments at merchants across Visa’s global network using digital assets.

“People want new technology to feel familiar,” said OKX SG CEO Gracie Lin in a written statement. “By teaming up with Visa, OKX Card lets customers use stablecoins for everyday spending with the same card experience they already know, while keeping full control of their assets,” she added.

The OKX Card is integrated with OKX Pay, the company’s self-custodial digital payments system. Users can store stablecoins in their OKX Pay wallets and spend them directly via the OKX Card at any merchant that accepts Visa. The platform supports several stablecoins, including USDC, USDT, and USDG, while merchants receive payments in local fiat currencies. Compliance and conversion between stablecoins and fiat are managed jointly by Visa and StraitsX, a regulated payment service provider based in Singapore.

OKX Card Bridges Stablecoins And Everyday Spending With Visa Network Integration

The system allows for real-time stablecoin-to-fiat conversion at the point of sale, ensuring seamless transactions for customers and immediate settlement for merchants. Cardholders can pay with USD-pegged stablecoins at Visa’s prevailing exchange rates without additional foreign exchange fees, although a 0.1% asset conversion spread may apply.

With the OKX Card, users maintain full custody of their funds while benefiting from the convenience and reach of Visa’s payment network. Payments can be made online or in-store using tap-to-pay functionality and are compatible with digital wallets such as Apple Pay and Google Pay. In addition to basic card functionalities, holders are entitled to Visa Platinum benefits, offering a suite of perks and protections traditionally associated with premium card products.

The launch of the OKX Card represents a step toward bridging digital assets and everyday financial transactions, offering a familiar payment experience while leveraging the advantages of stablecoin usage. By combining OKX SG’s digital wallet infrastructure with Visa’s established merchant network, the card aims to make cryptocurrency spending accessible and secure for a global customer base.

This initiative highlights the growing trend of cryptocurrency firms integrating with mainstream financial systems to enhance usability and adoption. By enabling stablecoin payments with familiar debit card mechanics, OKX SG positions itself at the intersection of digital finance innovation and traditional payment infrastructure, reflecting broader efforts in the industry to make crypto more practical for everyday consumer transactions.

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