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EU law bans interest on regulated stablecoins, affecting crypto cards offering USDT cashback and yields.

Market News
31 Aug 2026
CryptoTicker
View Source
Neutral
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On August 31, 2026, MEXC launched a crypto payment card offering up to 10% USDT cashback and up to 7% annual yield on USDT balances. However, under EU regulation MiCAR Article 50, licensed providers cannot pay interest on regulated stablecoins, which excludes such yield offers within the EU framework. USDT is not authorized as a regulated e-money token in the EU, so the ban does not apply directly to it, but any provider offering interest on regulated stablecoins in the EU is likely operating outside the authorized framework. Investors should verify provider licenses and understand that cashback tied to spending is allowed, but interest on balances is prohibited under EU law.

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