MEXC has rolled out a new Visa-linked virtual card — the Global Card — letting eligible users spend USDT through the Visa network and pay with Apple Pay or Google Pay. The launch, announced Aug. 31, comes as crypto-linked card usage has surged: monthly crypto-card volume hit $759 million in July 2026, roughly 2.5x the level a year earlier, according to a16z’s analysis of Paymentscan data. What the Global Card offers - Cashback in USDT: A tiered rewards program pays 4%–10% back in USDT depending on a user’s VVIP tier and M-Score (MEXC’s activity-based scoring, which factors trading, Earn subscriptions and platform tasks). Tiers and monthly caps: - Standard: 4% cashback, cap 100 USDT/month - Premier: 6% cashback, cap 300 USDT/month - Elite: 10% cashback, cap 800 USDT/month A user’s tier is determined on the last day of each calendar month; cashback posts to the user’s spot account on the 15th of the following month. Refunds, reversals and excluded merchant categories can affect final rewards. - Fees and promotion: From launch through Sept. 30, MEXC is waiving purchase fees and charging no issuance, annual or top-up fees. After the promotion ends, purchase fees will start at 1% per MEXC’s fee schedule. Transactions use Visa’s exchange rates and MEXC says it does not add an extra exchange-rate markup, though Visa foreign-exchange rules may still apply. - Mobile payments and limits: The virtual card supports Apple Pay and Google Pay. Per-transaction and daily limits are high: maximum 80,000 USDT per purchase and up to 1,000,000 USDT per day. The Global Card is funded with USDT held on MEXC. - Earn integration: Cardholders can separately opt into MEXC Earn’s flexible savings product to earn up to 7% annualized on subscribed USDT, with no lock-up period. That 7% applies only to funds actively subscribed to the Earn product — it does not automatically apply to money set aside for card spending. Earn returns are calculated separately from spending cashback. Practical details and requirements - Instant virtual card: Applicants must complete MEXC’s advanced identity verification (the exchange says this can take about 1–2 minutes). Once approved, the virtual card can be used immediately; a physical card is not required. - Jurisdictional restrictions: The Global Card is not available to U.S. residents. MEXC’s card eligibility list also excludes countries such as China, India, Indonesia, Turkey and Russia. Eligibility is checked by proof of address and MEXC advises checking its restricted-country list before applying. The Global Card is separate from MEXC’s APAC card and co-branded ether.fi card, each of which has different fees and limits. Company framing and the broader market MEXC CEO Vugar Usi framed the card as part of a push to make crypto part of everyday finance, not just an investment vehicle: keeping assets in digital form until payment ties asset management to real-world spending. The launch aligns with growing stablecoin activity in card payments — Paymentscan data cited by a16z shows nearly 9 million crypto purchases in July 2026 (average purchase around $86), with stablecoins (USDC + USDT) making up 84% of card spending. Competitive context Other firms are connecting stablecoins and cards: Fold has piloted a Visa Bitcoin rewards card with Apple/Google Pay support and up to 4% rewards; Western Union launched a Visa-backed Stablecard (USDPT) in partnership with Rain across dozens of markets; and Visa has been testing stablecoin payment pilots (for example with WeFi) to let self-custodied stablecoins be used at merchants. Additional MEXC activity MEXC recently expanded other products too — in August it added recurring investment features and portfolio tools to RealStocks, its tokenized U.S. equities product offering exposure to assets tied to companies such as Nvidia and Tesla. Bottom line: MEXC’s Global Card gives eligible users a USDT-native, Visa-backed virtual card with tiered, potentially generous cashback and a flexible Earn option, but it’s gated by jurisdictional restrictions (notably excluding the U.S.) and requires advanced KYC. The product launches amid rapidly rising crypto-card payment volumes, particularly driven by stablecoins. Read more AI-generated news on: undefined/news