Exchanges· ★★· neutral·

Phemex launches debit card that spends stablecoins directly from trading account

  • —Phemex Card converts stablecoins to fiat at checkout without withdrawing funds from the exchange
  • —No separate wallet or card balance top-up is required
  • —The card is issued in virtual format and supports Apple Pay and Google Pay
  • —Assets remain within the exchange ecosystem alongside trading positions and Earn products
Why it matters: Exchanges are expanding payment products to keep client funds inside their ecosystems and compete with crypto cards from rival platforms.
Source: BitExpert
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