OKX announces in São Paulo the launch of OKX Pay and OKX Card in Brazil, enabling instant PIX‑linked conversion of reais to USD‑denominated stablecoins, domestic and cross‑border stablecoin transfers, and an international Mastercard debit card that draws from stablecoin balances. OKX Pay offers up to 10% annual percentage yield (APY) with daily accrual and weekly distribution and uses Brazil’s CNH digital ID for fast KYC onboarding.

The OKX Card provides global Mastercard acceptance with Apple Pay and Google Wallet integration and eliminates Brazil’s 3.5% IOF tax on foreign currency transactions by settling in stablecoins, potentially saving up to $39 on a $1,000 remittance compared with traditional services; product availability and use remain subject to local regulatory and tax rules. Guilherme Sacamone, CEO of OKX Brazil, says the launch aims to “give Brazilians seamless, cost‑efficient access to the global economy,” and services are built on OKX’s ZK‑based X Layer blockchain.

• When and where was OKX Pay and OKX Card launched? OKX launched the services in São Paulo on 6 November 2025.
• What yields and payout cadence does OKX Pay offer in Brazil? OKX Pay offers up to 10% APY, calculated daily and paid weekly with no lock‑up.
• How does the OKX Card avoid Brazil’s IOF tax for users? The OKX Card spends directly from stablecoin balances in USD, avoiding the 3.5% IOF on foreign currency transactions.
• Which local rails and ID systems does OKX use for onboarding in Brazil? OKX integrates with PIX and uses Brazil’s CNH digital identity system for KYC.

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