The post Crypto News: MetaMask Launches 3% Cashback Card Amid Crypto’s Shift Into Banking appeared on BitcoinEthereumNews.com.

Key Insights: Crypto news emerged on February 26 when MetaMask launched its Mastercard-powered card across the US, offering up to 3% cashback in its native stablecoin. The launch joins a broader wave of crypto platforms launching neobank bundles, with cards becoming the primary bridge to mainstream spending. Only 6% of stablecoin transactions currently go toward goods or services, raising questions about whether cards can finally drive real-economy adoption. On February 26, crypto news broke when MetaMask announced the general availability of its MetaMask Card across the United States, including New York, for the first time. The card, powered by Mastercard’s network and issued by Cross River Bank, offered up to 3% cashback paid in mUSD, MetaMask’s native stablecoin. The launch signaled crypto’s banking shift from blockchain ideology to regulated financial products built on legacy rails. Crypto News: The Neobank Wave Accelerates MetaMask positioned the card as a self-custodial product, with funds remaining in users’ wallets until purchase. The Metal tier, priced at $199 annually, offered 3% cashback on the first $10,000 spent, then dropped to 1% thereafter. The crypto news shows that the virtual card earned 1% in mUSD on eligible transactions. Enrollment required identity verification and compliance checks, framing the product as a regulated payments offering. MetaMask crypto cards stats | Source: MetaMask The timing aligned with a broader industry pattern. OKX launched its OKX Card, a euro-denominated virtual debit card that enables stablecoin spending anywhere Mastercard is accepted. SwissBorg announced a Mastercard partnership with similar mechanics. Aave’s governance discussions revealed plans for an Aave Card alongside other consumer products, positioning the project against fintech and traditional finance giants. Mastercard described 2026 as the year stablecoins would connect to mainstream commerce. The network’s April 2025 release detailed end-to-end stablecoin capabilities “from wallets to checkouts” and listed partnerships with crypto-native…

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Filed under: News - @ February 28, 2026 6:23 am