# OKX opens US applications for a stablecoin-backed Mastercard charge card

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OKX has opened applications for a US version of the OKX Card, according to official product and eligibility documentation published on October 28. The card is a **virtual Mastercard secured charge card issued by WebBank**, rather than a debit or prepaid card.

## Stablecoins secure the spending balance

US cardholders can use USDC, USDT or USDG held in an OKX Pay account as collateral. When a purchase is authorized, the corresponding stablecoin amount is reserved. Available credit is based on the unencumbered supported stablecoin balance, although WebBank may also apply a maximum credit limit.

Customers choose between two repayment methods:

- **Auto Repay:** reserved stablecoins are liquidated one business day after each card transaction settles.
- **Pay with Fiat:** balances accumulate over a 28-day billing cycle and can be paid in USD. Payment is due no later than 21 days after the statement; unpaid balances are covered by liquidating the reserved stablecoins.

OKX states that the card has **0% interest and no APR**. The cardholder agreement lists no annual, purchase, foreign-transaction, late-payment or returned-payment fees. Customers remain responsible for any shortfall if stablecoin liquidation does not cover the balance, including after a depeg.

## Virtual-only at launch

There is no physical US card at launch. The virtual card can be added to Apple Pay or Google Pay for eligible online and contactless in-store purchases at Mastercard merchants. ATM withdrawals, cash advances and cash-equivalent transactions are not supported.

Applications require completed OKX Exchange identity verification, an active OKX Pay account and successful card pre-screening checks. Approved applicants typically receive the virtual card immediately.

Availability excludes **Massachusetts, New York, American Samoa, Guam, the Northern Mariana Islands, Puerto Rico and the US Virgin Islands**. OKX says the card is available to eligible customers in other supported US states and territories.

Sources: [OKX card overview](https://www.okx.com/en-us/help/us-okx-card-what-is-the-okx-card), [eligibility and application instructions](https://www.okx.com/en-us/help/us-okx-card-who-can-apply-for-the-okx-card-and-how-do-i-apply), and the [US cardholder agreement](https://www.okx.com/en-us/help/cardholder-agreement-us).

## Sources

- [What is the OKX Card?](https://www.okx.com/en-us/help/us-okx-card-what-is-the-okx-card)
- [Who can apply for the OKX Card, and how do I apply?](https://www.okx.com/en-us/help/us-okx-card-who-can-apply-for-the-okx-card-and-how-do-i-apply)
- [OKX US Cardholder Agreement](https://www.okx.com/en-us/help/cardholder-agreement-us)

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- **Canonical URL:** https://cryptovss.com/en/news/okx-card-us-stablecoin-charge-card-launch/
- **As of:** 29 Oct 2026
- **Data licence:** CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/)

Please cite: Source: cryptovss.com (cryptovss), as of 29 Oct 2026, https://cryptovss.com/en/news/okx-card-us-stablecoin-charge-card-launch/