New updates have been reported about KuCoin.
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KuCoin has launched KuCard in Australia, enabling eligible users to spend crypto via Mastercard’s global acceptance network, including Apple Pay and Google Pay, with real-time conversion at checkout. Through a partnership with Mastercard principal member Immersve, KuCoin users can fund everyday transactions in U.S. dollar coin (USDC), which is automatically converted to fiat at the point of sale, removing the need for pre‑conversion or manual top‑ups.
At launch, the service supports 37 USDC trading pairs on KuCoin, positioning the exchange to capture transaction volume from day‑to‑day retail usage while reinforcing its broader “trust‑first” strategy around security, transparency, and compliance. KuCoin CEO BC Wong framed the rollout as an extension of the firm’s AUSTRAC digital currency exchange registration and its push to make digital assets usable in traditional finance, while the Australian managing director highlighted the market’s rapid retail adoption and the importance of a familiar card experience for mainstream uptake.
For KuCoin, KuCard deepens real‑world utility of its platform, potentially increasing user engagement, on‑platform liquidity, and fee‑generating payment flows, while leveraging Immersve’s issuing‑as‑a‑service infrastructure to avoid building regulated card issuance capabilities in‑house. The move aligns with KuCoin’s recent global compliance build‑out, including MiCA authorization in Europe and multiple security certifications such as SOC 2 Type II and ISO/IEC 27001:2022 and 27701:2019, and may serve as a template for expansion of crypto‑backed payments in other regulated markets if uptake in Australia proves strong.