Share this article
Crypto Card Firm Baanx Partners With Circle for Rewards Wallet
The Rewards Wallet, built using programmable wallet infrastructure from Circle, allows crypto holders access to cashback, fee discounts, and other subscription perks.
Updated Mar 28, 2025, 7:17 p.m. Published Mar 28, 2025, 6:00 p.m.
What to know:
- Baanx provides non-custodial debit cards for Web 3 wallet MetaMask and DeFi platform 1inch.
- The Rewards Wallet will use Circle’s USDC as the main treasury token and for its incentives program.
Baanx, a cryptocurrency debit card enabler for the likes of MetaMask and 1inch, has introduced a rewards wallet combining on-chain finance with traditional loyalty perks and discounts, using underlying technology from Circle, the provider of the USDC stablecoin.
Built on Circle’s programmable wallet tech, the Baanx platform allows crypto holders access to cashback, fee discounts, subscription perks and exclusive gated experiences, according to a press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
An ongoing convergence between traditional card networks and the on-chain world of stablecoins and decentralized finance (DeFi) has seen Mastercard partner with Web3 wallet MetaMask, and more recently reports of Visa in talks with Sam Altman’s World Network.
The rewards wallet offering helps bridge the gap between blockchain and everyday financial needs, said Baanx Chief Commercial Officer Simon Jones.
“We've built the Rewards Wallet using Circle to offer rewards on a crypto debit card that are unprecedented, and so incentivizing users to go down the route of non-custodial spend,” Jones said in an interview. “For instance, if you look at the MataMask card, it’s up to 6% cash-back for the first month.”
Circle, famous as the creator of the $60 billion stablecoin USDC, offers programmable wallet infrastructure that allows for adding features to multiple crypto projects without having to change the user interface, Jones said.
“We are pushing USDC as the main treasury token and incentive program within these products, as opposed to Tether [USDT],” he said.
Sanja Kon, VP of partnerships & business development, Europe at Circle said in a statement: “Circle Wallets provide a fantastic foundation for the Rewards Wallet. By integrating this technology, Baanx is bringing real-world value to crypto users in new and exciting ways.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana
Galaxy’s onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.
What to know:
- J.P. Morgan arranged Galaxy Digital’s commercial paper issuance on the Solana blockchain, one of the first of its kind in the U.S.
- Coinbase and Franklin Templeton bought the short-term debt instrument, settled in USDC
- Tokenization of real-world assets is gaining traction, with projections suggesting the market could reach $18.9 trillion by 2033.
Top Stories
