Overview
- KuCoin introduced KuCard in Australia on Friday, enabling eligible users to pay at Mastercard merchants using crypto funded by USDC.
- Payments draw from USDC with instant conversion to local currency at checkout, so users can tap a card or Apple Pay or Google Pay without pre‑converting funds.
- At launch the card supports 37 USDC trading pairs, which lets customers spend from a range of supported assets while settling through Mastercard’s network.
- Immersve issues the product as a principal Mastercard member, with Axis One Markets acting as its authorised representative in Australia under local disclosure rules.
- KuCoin frames the rollout as building on its November 2025 AUSTRAC registration, while the move contrasts with its earlier Europe launch on Visa and adds pressure in a market served by Crypto.com, Bybit and OKX.