OKX Launches Mastercard-Linked Stablecoin Wallet in Brazil

Brazil has just adopted a new method for on-ramps to digital currency. OKX launched its stablecoin wallet called OKX Pay, partnered with a debit card issued by Mastercard. Together, these products allow residents to convert Brazilian Real (BRL) into USDC or USDT, hold dollars, and make purchases at any terminal accepting Mastercard, online or in stores. The goal is to reduce friction between on-chain money and real-world transactions.