MEXC launches Visa card with 10% cashback

• MEXC launched a virtual Visa card that lets eligible users spend Tether (CRYPTO:USDT) through card payments.
• The card offers 4%–10% cashback, with monthly rewards capped at 100–800 USDT.
• MEXC is expanding beyond crypto trading as crypto card spending reached US$759 million in July.

MEXC launched a virtual Visa card that lets eligible users spend Tether (CRYPTO:USDT) through Visa, Apple Pay and Google Pay.

The card offers 4%–10% cashback, while crypto card spending reached US$759 million in July, according to Paymentscan data.

“We want users to see digital assets not simply as an investment tool,” said MEXC CEO Vugar Usi.

MEXC is waiving purchase fees until September 30, after which fees will start at 1%, according to its published information.

The Global Card allows purchases of up to 80,000 USDT per transaction and 1 million USDT daily, according to MEXC.

USDT and USD Coin (CRYPTO:USDC) accounted for 84% of tracked crypto card spending in July, according to data cited by a16z crypto.