The Fasset Card is a Visa debit card with a $0 (9.99 USDT one-time activation) fee, available in 40+ countries (UAE/SEA/South Asia focus).
Fasset is a stablecoin-powered neobank that secured a provisional Islamic banking license in Malaysia, making it the world's first stablecoin-powered Islamic bank. The company holds regulatory approvals in the UAE, Indonesia, Turkey, Pakistan, and the EU, has raised $51M in Series B funding, and serves 2M+ wallets across 125 countries with $32B in annualized transaction volume.
The Fasset Card is a crypto debit card offered by Fasset, available in 40+ countries (UAE/SEA/South Asia focus). The annual fee starts at $0 (9.99 USDT one-time activation). It runs on the Visa network and requires full identity verification.
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| Tier | Rate | Requirement |
|---|---|---|
| Standard | 0% | No cashback programme. The live mechanic is OWN Points earned on spend, with no published conversion rate |
On $500/mo spend, the estimated monthly cost breakdown for Fasset Card is: gas $0.00, conversion spread $7.50, flat/FX fees $0.00, and amortised card/tier fee $0.00, for a total drag of 1.5% of spend. After $0.00/mo cashback that is still a net cost of about $7.50/mo ($90.00/yr). Fasset Card tops up from a centralized balance, so there is no on-chain gas cost regardless of how often you reload. Figures are conservative estimates and vary with conditions.
Note: Marketed at launch in April 2026, in partnership with Tether, as the first gold-backed stablecoin neobanking card. Note that no gold-denominated cashback appears on the current card page or in the cardholder terms. No cashback programme is published. Fasset's live card page and its cardholder terms contain no mention of gold, XAU, cashback, or the Classic, Gold and Black tier names previously recorded here; the live mechanic is OWN Points earned on spend, with no published conversion rate. AVAILABILITY CORRECTION (2026-09-06): the card page now states issuance in 40+ countries, not the 125+ markets the Fasset platform serves, and names Turkey and Vietnam among the residency exclusions. Both were previously recorded here as available, on the strength of Fasset holding a Turkish regulatory approval; that approval covers the platform, not card issuance. The card is now live rather than gated behind the connect-wallet priority list recorded in Jul 2026. Funding is USDT only, the daily spending limit is USD 2,000, and transaction, top-up, withdrawal and cancellation fees are all free during a promotional period with no stated end date. A physical card is still listed as targeted for Q1 2026 and has not shipped. Auto round-up feature invests spare change in XAU₮. Tether committed $1M in XAU₮ to power rewards. Shariah-compliant (zero-interest banking products). Covers many underserved markets (South Asia, SEA, MENA). ATM and FX fees are still not officially disclosed
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The Fasset Card is a crypto debit card offered by Fasset. It is available in 40+ countries (UAE/SEA/South Asia focus) and allows users to spend cryptocurrency at merchants worldwide.
The Fasset Card has an annual fee of $0 (9.99 USDT one-time activation). Additional fees: Top-up: Free (promotional period).
The Fasset Card has the following limits: daily spending limit: USD 2,000. Limits can vary by account tier and verification level.
Yes. The Fasset Card requires full identity verification (KYC): expect to submit a government-issued ID, and often proof of address, before the card is issued.
The Fasset Card is available in 40+ countries (UAE/SEA/South Asia focus).
The Fasset Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Want to see your annual earnings? Use the ROI Calculator to estimate net cashback at your spending level, or compare cards side by side.