Solayer Emerald Card is here! The U card features, usage scenarios and application tutorials created by the public chain are now open
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Recently, SVM public chain Solayer officially announced the launch of the USDC settlement financial card, Solayer Emerald Card. As a product previously promised to public sale participants, Solayer Emerald has gone online with its virtual card version. Except for specific countries and regions, the card can be applied for, and Taiwanese users can apply for it. Currently, it has been tested that binding Apple Pay and LINE PAY works smoothly in Taiwan and South Korea. Additionally, according to official documentation, the amount stored on the card has a 4-5% annual yield supported by US Treasury bonds.
Solayer Emerald Card is a Visa crypto financial card that supports Apple Pay, Google Pay, and LINE Pay. Users can spend and withdraw cash using $USDC and earn on-chain rewards. Combining physical payment with DeFi functionality, it emphasizes decentralization and instant settlement. As a VISA card, it can be used at global merchants, and once the physical card is launched, it will support ATM cash withdrawals in local currencies.
Spending directly deducts from $USDC without prior conversion. Users can deposit $USDC for immediate spending or convert to sUSD to earn 4-5% annual yield. sUSD is a stablecoin backed by US Treasury bonds, with no lock-up restrictions or minimum thresholds. It supports instant minting and redemption, truly operating on-chain and completely non-custodial.
Essentially, users only need to connect their Solana wallet to the official website (addresses that participated in the public sale can get the card for free, while addresses with Solayer airdrop will pay a $10 activation fee). Due to the official's desire to control card issuance and overwhelming applications, general users may not be able to get a card immediately (similar to a whitelist). Users can choose to pay $75 for early card issuance or use the invite code M2IKZC and complete KYC (Taiwanese users can pass smoothly).
Note that each top-up will incur a 1% fee, meaning a $100 deposit will cost $1. Other rates include $0.15 per US dollar transaction and $0.10 plus 1.5% for international transactions.
The official is currently hosting an activity where users can win Layer tokens by using the Solayer Emerald Card. Additionally, Solayer's second point-based activity has been launched, allowing users to earn airdrops through card usage.
Risk Warning: Cryptocurrency investments carry high risks, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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