OKX upgrades its European card program with 50% cashback on Netflix and ChatGPT, paid in USDG. Tiered rewards reach 10% for VIPs, with a €800 monthly cap.
OKX is making a play to become the default payment card in European crypto wallets. The exchange has upgraded its OKX Card rewards program across the European Economic Area, headlined by a 50% rebate on popular subscription services including Netflix, ChatGPT, and Claude.
The subscription cashback is capped at €10 per month and paid exclusively in USDG, OKX's stablecoin of choice.
The subscription rebate is just one layer of a broader cashback structure tied to VIP status on the platform. Non-VIP cardholders earn a baseline 2% cashback on purchases, capped at €5 per month. Higher VIP tiers scale that up, with rates reaching as high as 10% and monthly caps climbing to €800 for the most active traders.
All cashback and rebates are funded and distributed in USDG. OKX has been clear that the program is managed entirely in-house, with no involvement from the subscription providers themselves. The general cashback applies broadly, carrying a €20 monthly cap at baseline levels.
The card runs on Mastercard's network. Users can spend stablecoins like USDC and USDG, with transactions settling in euros at the point of sale.
OKX reported a 280% increase in everyday spending through the card since its launch. That is a striking number for a product that only went live on January 28, 2026, operating under the EU's MiCA rules. Grocery purchases surged 65% across Germany, the Netherlands, Poland, and France.
Erald Ghoos, CEO of OKX Europe, has framed the card as part of a strategic shift toward integrating stablecoins into daily life.
The real story beneath the cashback headlines is the distribution strategy for USDG. Every rebate, every percentage point of cashback, flows back to users in OKX's preferred stablecoin. By tying USDG distribution to mundane purchases like streaming subscriptions and groceries, OKX is building a use case that looks more like traditional banking rewards than crypto speculation.
The card also supports USDC spending, giving users flexibility. The rewards architecture clearly favors USDG accumulation.
MiCA provides regulatory clarity that previous crypto card attempts in Europe lacked. OKX launching under MiCA gives the program a more durable regulatory foundation, though the framework itself is still untested at scale.
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