Decrypt crypto

There's a stubborn myth about crypto spending. The image that persists is a tech nerd or early adopter flaunting their wealth on a sports car or a private dinner, crypto as the currency of excess. The reality, at least for normal OKX Card users across Europe, looks a lot more like an average Tuesday. New data from OKX Card stablecoin transactions in Europe makes this clear: supermarkets, bakeries, takeaways, and the odd holiday booking. Forget the Lambo. People are buying lattes.

By Guilherme Sacamone, CEO OKX Brazil We believe that cryptocurrency should be practical, empowering, and accessible as part of everyday life. Today, I’m thrilled to share the realization of that vision for our customers in Brazil with the launch of OKX Pay and OKX Card all within OKX. Stablecoins are a global phenomenon that empower individual users worldwide to easily access real-world assets with ease. However, existing solutions largely serve institutions and crypto-native audiences. The average Brazilian who isn’t a crypto enthusiast still turns to high cost physical dollar brokers whenever they’re concerned about the trajectory of the Brazilian Real or planning an international trip. The lack of a simple, intuitive solution with stablecoins at the center of the experience has kept most Brazilians out of this global movement and we want to change that. Our launch is designed to put stablecoins at the heart of our strategy of helping Brazilians access, save, send, pay, and earn in a simple, cost-efficient way.

We’re pleased to announce that OKX is the first international exchange partner outside the U.S. for Tempo , a next-generation Layer 1 network incubated by Stripe and Paradigm. OKX will integrate Tempo mainnet, enabling USDT0 deposits and withdrawals for customers. OKX Wallet will also support Tempo mainnet globally, allowing customers to hold and manage assets on the network with full self-custody. Together, this brings trading and self-custody into one place, making it easier to move, access, and use stablecoins from day one in the OKX app.