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OKX Singapore has launched OKX Card, a stablecoin-powered Visa debit card that lets customers spend USDC, USDT, or USDG directly from their OKX Pay wallet at any Visa merchant globally. The conversion to local fiat happens at point of sale, handled by Visa and StraitsX — a regulated Singapore payment service provider.
The product is natively linked to OKX Pay, the exchange's self-custodial digital payments feature. Users hold stablecoins in their own wallet, spend through the card, and merchants receive local currency. The card comes with Visa Platinum benefits and supports Apple Pay and Google Pay for tap-in-store or online payments.
CEO of OKX SG Gracie Lin framed it as familiarity over novelty. "People want new technology to feel familiar. 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," Lin said in a statement today.
For OKX's user base that holds stablecoins as a primary asset class, the card gives those assets utility beyond trading — spendable anywhere Visa is accepted, without converting to fiat first. The 0.1% asset conversion spread is the revenue mechanism.
The OKX Card launch comes as OKX is gearing up to roll out Event Contracts — a separate product (still in launch phase per its help center documentation) that lets users trade on event outcome probabilities via a derivative structure. Event Contracts target speculative trading on defined events. Like the OKX stablecoin debit card, these products expand the exchange's footprint beyond spot and perpetual crypto trading.
