MEXC has launched a Visa-linked Global Card offering eligible users up to 10% cashback in USDT as monthly crypto card spending reached $759 million in July, roughly 2.5 times its level a year earlier.
Summary
- MEXC has launched its Global Card with USDT spending through Visa, Apple Pay, and Google Pay.
- The card offers 4% to 10% cashback, with monthly rewards capped at up to 800 USDT.
- Purchase fees are waived through Sept. 30 before a rate starting at 1% takes effect.
- A separate MEXC Earn product offers cardholders up to 7% annualized returns on subscribed USDT.
- U.S. residents cannot apply for the card under MEXC’s current regional restrictions.
According to MEXC’s Aug. 31 announcement shared with crypto.news, the Global Card is a virtual Visa card that lets eligible users spend USDT through the card network while supporting Apple Pay and Google Pay for mobile payments.
The exchange is waiving purchase fees from launch through Sept. 30 and charges no issuance, annual, or top-up fees. Once the promotion ends, purchase fees will start at 1%, according to MEXC’s published fee information.
Transactions use Visa’s exchange rates, while MEXC said it does not apply an additional exchange-rate markup. Foreign exchange fees may still be charged for certain currencies under Visa’s rules.
MEXC Global Card combines USDT spending with cashback
Alongside its fee structure, MEXC has tied the Global Card to a tiered cashback program paying rewards in USDT.
Users receive between 4% and 10% cashback based on their VVIP status and M-Score, which MEXC calculates using activities such as trading, Earn subscriptions, and platform tasks. The Standard level pays 4% with a monthly cap of 100 USDT, while Premier users receive 6% with a 300 USDT cap.
At the highest Elite level, users can receive 10% cashback up to 800 USDT per month. MEXC’s rewards documentation states that a user’s rate is determined by their VVIP level on the final day of each calendar month, with cashback distributed to the user’s spot account on the 15th of the following month.
Refunded and reversed purchases can affect the final reward amount, while some merchant categories are excluded from earning cashback.
MEXC is also offering a separate flexible savings product through MEXC Earn for cardholders. Users who subscribe eligible USDT to the product can earn an annualized return of up to 7%, with MEXC saying the funds can be redeemed without a lock-up period.
The 7% rate applies to USDT subscribed to the Earn product rather than automatically applying to money available for card purchases. MEXC calculates the Earn returns separately from spending cashback.
MEXC CEO Vugar Usi described the card as part of the exchange’s effort to cover more financial activities beyond buying and selling crypto.
“We want users to see digital assets not simply as an investment tool, but as part of a complete financial journey, from saving and yield-generating products to principal-protected solutions and, ultimately, everyday spending,” Usi said.
Usi added that the card allows users to keep assets in digital form until they need to make a payment, connecting asset management with real-world spending.
Crypto card spending reached $759M in July
MEXC’s launch arrives as payment activity through crypto-linked cards has climbed during 2026.
According to an August analysis by a16z crypto using Paymentscan data, monthly crypto payment card volume reached $759 million in July, compared with $306 million one year earlier. Paymentscan had recorded less than $1 million when its tracking started in October 2023.
Transaction counts have risen alongside payment volume. Nearly 9 million purchases were recorded in July, up from about 5.2 million a year earlier, leaving the average purchase at roughly $86.
Stablecoins account for most of the activity tracked by Paymentscan. USDC and USDT together represented 84% of crypto card spending, according to the data cited by a16z.
Other crypto companies have been building similar links between stablecoins and established card networks. In May, crypto.news previously reported that Fold had started issuing its Bitcoin Credit Card to selected waitlist users, with a 1.5% base Bitcoin reward and rewards of up to 4% through additional offers. The Visa-based product also supports Apple Pay and Google Pay.
In August, Western Union launched its Stablecard with Rain, allowing customers to hold and spend its USDPT stablecoin through Visa. The service launched across 37 markets, with Western Union targeting more than 60 markets by the end of 2026.
Visa has also been testing payment models that connect stablecoin balances more directly to its merchant network. A stablecoin spending pilot with WeFi, announced in May, covered selected markets in Europe, Asia, and Latin America and was designed to make self-custodied stablecoins usable for card purchases.
Daily MEXC Global Card spending is capped at 1M USDT
For cardholders making larger payments, MEXC has set the maximum purchase at 80,000 USDT per transaction and the daily spending limit at 1 million USDT.
The limits are considerably higher than those attached to MEXC’s separate APAC card. MEXC’s published comparison states that the Global Card and APAC product remain separate cards with different fee structures and transaction limits.
Applicants must complete MEXC’s advanced identity verification before requesting a Global Card. MEXC said the application process can take about one to two minutes, after which approved customers receive a virtual card that can be used without waiting for a physical card.
MEXC’s card documentation says the Global Card is funded with USDT held on the exchange. The product sits alongside the company’s original APAC card and its co-branded card with ether.fi rather than replacing either product.
Earlier in August, MEXC also expanded its RealStocks product with recurring investment features, portfolio tracking and additional tools tied to tokenized U.S. equities. The product gives eligible users exposure to tokenized assets linked to U.S.-listed stocks, including companies such as Nvidia and Tesla.
U.S. users remain excluded from MEXC card access
Despite Visa’s large U.S. payment network and growing domestic competition among crypto-linked cards, MEXC’s Global Card is not available to U.S. residents.
MEXC’s current card eligibility documentation places the United States on its application blacklist, alongside countries including China, India, Indonesia, Turkey and Russia. Eligibility is based on proof of address, and the exchange tells users to check its current restricted-country list before applying.
The restriction separates MEXC’s launch from crypto cards already available to American users. MetaMask, for example, rolled out its Mastercard-linked debit card across 49 U.S. states in February, allowing eligible customers to spend assets from self-custodial wallets through Apple Pay and Google Pay.
MEXC also operates its main exchange under geographic restrictions. Its published regional guidance states that it does not provide exchange services to U.S. residents, while the company can revise its restricted-jurisdiction list based on legal and compliance requirements.
For eligible Global Card applicants, MEXC requires advanced identity verification before approval. Once approved, the virtual card can be activated immediately, according to the exchange, while card availability and individual services remain dependent on the user’s jurisdiction.
