TLDR
- OKX has launched OKX Pay and OKX Card in Brazil to expand USD stablecoin payments and savings.
- The platform allows instant conversion of Brazilian reais to USD stablecoins through PIX integration.
- OKX Pay users can earn up to 10% annual yield on their stablecoin balances without lock-ups.
- OKX Card functions as a USD Mastercard debit card that connects directly to users’ stablecoin wallets.
- The combined system reduces transaction costs by up to $39 on a $1,000 transfer.
OKX has introduced OKX Pay and OKX Card in Brazil, expanding access to USD-denominated stablecoin payments and savings. The launch aims to give Brazilians practical tools for managing inflation and enhancing cross-border transactions.
The company confirmed that users can convert Brazilian reais directly into USD stablecoins using PIX integration. This conversion happens instantly, offering a faster alternative to traditional remittance channels.
OKX stated that the service targets individuals and small businesses seeking stability through digital dollar transactions. The move highlights Brazil’s growing preference for stablecoins in everyday finance.
Stablecoins Dominate Brazil’s Crypto Market
Stablecoins now represent over 90% of Brazil’s crypto transaction volume, reflecting high demand for dollar-backed digital assets. The growing trend shows users shifting from volatile local currencies toward more stable, accessible digital options.
According to OKX, this adoption supports the company’s goal to make crypto practical and secure for daily use. “We’re putting stablecoins at the center of everyday finance for Brazilians,” said Guilherme Sacamone, CEO of OKX Brazil.
Brazil ranks fifth globally for crypto adoption and leads Latin America in transaction volume. The increasing activity reinforces the country’s position as a regional crypto hub.
OKX Pay and Card Offer Low-Cost Transactions
OKX reported that its platform eliminates up to $39 in fees on a $1,000 transaction compared to traditional services. Its internal analysis includes Brazil’s 3.5% IOF tax, reinstated in May 2025.
A transfer through OKX Pay and Card costs about $17.30, while spot market use reduces that to $8.00. Competing services such as Wise and Nomad charge up to $56.00 for similar transactions.
By using stablecoins for settlement, OKX removes the friction and costs of foreign exchange conversions. The company designed its solution to simplify and reduce the expense of digital dollar transactions.
Built on the ZK-based X Layer blockchain, OKX Pay allows users to earn up to 10% APY on stablecoin balances. The yield is calculated daily and distributed weekly, with no lock-up periods.
The system supports domestic and international transfers, providing real-time settlement through blockchain efficiency. OKX also enables fast KYC verification through Brazil’s CNH digital ID integration.
OKX Card functions as a USD Mastercard debit card that connects directly to users’ stablecoin balances. It operates worldwide and integrates with Apple Pay and Google Wallet for contactless payments.
Data from Chainalysis indicates that Brazilian users received $318.8 billion in digital assets between July 2024 and June 2025. This figure accounts for nearly one-third of all crypto transactions across Latin America.
The report also shows total regional volume reaching nearly $1.5 trillion during the same period. Monthly trading climbed from $20.8 billion in mid-2022 to $87.7 billion in December 2024.
With this launch, OKX strengthens its footprint in Latin America’s fastest-growing crypto market. The expansion reflects a rising demand for efficient, low-cost digital finance solutions across Brazil.
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