Digital-asset trading platform MEXC announced the launch of its MEXC Global Card, a Visa card allowing users for a limited time to pay no fees and earn up to 10% cash back in the stablecoin USDT, which is issued by the blockchain Tether.

The card is intended for routine payments. Information was not immediately available regarding how many of the cards will be issued, though the card will support transactions via Apple Pay and Google Pay, the company says.

The cashback offer ranges from 4% to 10%, capped at 800 USDT, MEXC says. The Global Card carries no annual fee or top-up levy, MEXC says, while transactions settle based on exchange rates from Visa. MEXC says it does not plan to charge any extra exchange-rate…