Summary
- Pudgy Penguins said it has launched the Visa network-based "Pengu Card."
- The Pengu Card supports stablecoin payments such as Tether (USDT) and Circle (USDC), and offers up to 12% rewards and a 7% yield, it said.
- PENGU jumped 5% on the day to trade at $0.007339, it said.
Forecast Trend Report by Period
Pudgy Penguins (PENGU) has launched a credit card built on the global payments network Visa.
In a post on its official X account, Pudgy Penguins said on the 24th (local time) that it had launched the "Visa network-based 'Pengu Card.'" The company added that the Pengu Card can now be used in more than 170 countries worldwide and at over 150 million merchants.
The Pengu Card is a credit card that can be used to make payments with stablecoins such as Tether (USDT) and Circle (USDC). It also supports certain cryptocurrency transactions, including PENGU. Benzinga reported that cardholders can receive rewards of up to 12% and a 7% yield on balances, adding that the card links with Apple Wallet and Google Wallet to enable online payments and ATM cash withdrawals worldwide.
The Pengu Card was initially released as a virtual card, and Pudgy Penguins plans to launch a physical card soon.
Meanwhile, PENGU rose 5% on the day. According to CoinMarketCap, as of 4:21 p.m. it was trading at $0.007339, up 5.03% from the previous day.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
