MiniPay Launches Stablecoin Debit Card With Gold Cashback

Opera's MiniPay announces the launch of its stablecoin-backed debit card for spending with Gold and stablecoin cashback.

1 Min Read
Disclosure: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers should conduct their own due diligence at all times.
Stablecoin spending and cashback is becoming popular (Tasha Kostyuk : Unsplash)

MiniPay launches a stablecoin debit card.

Opera’s digital asset and stablecoin wallet has officially announced it will be launching a stablecoin debit card program. In partnership with Visa, this allows users to spend stablecoin balances around the world via their mobile app and virtual card globally across 175M merchants.

Alongside this, the program will offer up to 5% of cashback in Tether Gold or stablecoins (USDC, USDT) from everyday spending categories with an initial $125 monthly cap.

In emerging economies, this combination of stablecoins and gold as rewards is a new trend that is gaining popularity because of local currency inflation and PPP (Purchasing Power Parity) vs. the U.S. Dollar.

While users are already using MiniPay to send and receive stablecoins in dedicated USD and EUR virtual accounts for international transfers via ACH, Wire, and SEPA payments, the launch of a stablecoin debit card with Gold cashback is another approach to grow stablecoin adoption.

Earlier, MiniPay partnered with Tether to offer XAUT and USDT.

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Ron is the founder of Stablecoin News and contributes to the coverage of stablecoins developments worldwide.

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