Coin98Coin98 Fusion
60
Side-by-side card comparison
Coin98 Fusion vs Ethena Pay: overall score versus use-case fit
Ethena Pay Card has the higher Overall Score by 26 points (86 vs 60). Coin98 Fusion Card looks stronger for Travel, while Ethena Pay Card comes out ahead for Cashback, Funds control, Lowest fees, and Transfers.
Information checked Sep 1, 202635 official sources reviewed
01 · Overall score versus use-case fit
Ethena Pay Card is the better all-round starting point
Ethena Pay Card has the higher Overall Score in this comparison. Coin98 Fusion Card may be the better fit for Travel. A score cannot tell you whether a provider will accept your application or whether every feature will be available where you live, so check the latest provider terms before signing up.
OverallCoin98 Fusion60Ethena Pay86Higher score
CashbackCoin98 Fusion17Ethena Pay89Higher score
TravelCoin98 Fusion65Ethena Pay64Higher score
Funds controlCoin98 Fusion64Ethena Pay86Higher score
Lowest feesCoin98 Fusion72Ethena Pay87Higher score
TransfersCoin98 Fusion39Ethena Pay82Higher score
Choose Coin98 Fusion Card if travel matters most
Coin98 Fusion Card comes out ahead for Travel in this comparison. It is worth a closer look if those are the parts of a card you expect to use most.
- Virtual Visa with both phone wallets
- USDC and USDT top-ups on five networks
- No monthly or annual card fee
Choose Ethena Pay Card if cashback and funds control matter most
Ethena Pay Card comes out ahead for Cashback, Funds control, Lowest fees, and Transfers in this comparison. It is worth a closer look if those are the parts of a card you expect to use most.
- Strong Standard cashback bands
- No Standard monthly fee or FX markup
- Collateral stays in linked wallets
Where each card has the edge
The overall leader does not win every use case, so the reason you want the card matters here.
- Overall Score
- Coin98 Fusion60Ethena Pay86
Ethena Pay Card has the higher Overall Score by 26 points.
- Entry cost & FX
- Coin98 Fusion$0 plan · 1.7% foreign-currency conversion FXEthena Pay$0 plan · 0% Ethena Pay markup; Visa rate applies FX
Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 1.7% foreign-currency conversion).
- Purchase rewards
- Coin98 Fusion0% cashbackEthena Pay4% base · up to 5%
Ethena Pay Card has the higher published base cashback rate (4% vs 0%).
- Funds control
- Coin98 FusionHybrid custodyEthena PayHybrid custody
Coin98 Fusion Card and Ethena Pay Card use the same hybrid custody setup.
- Everyday access
- Coin98 FusionVirtual · Apple Pay, Google PayEthena PayVirtual · Apple Pay
Coin98 Fusion Card lists more card formats and phone-wallet options (3 vs 2).
- Money movement
- Coin98 Fusion2 stablecoins · Not modeledEthena Pay1 stablecoin · Stablecoin transfers; Ethena Pay user transfer; Bank withdrawal
Ethena Pay Card lists more stablecoins and ways to send money out (4 vs 2).
02 · Read the shortlist
A closer look at the split decision
Start with the strengths that drive each use-case result, then test them against costs and access.
- Cashback
- 0%
- Plan cost
- $0
- FX fee
- 1.7% foreign-currency conversion
- ATM fee
- 1% or SGD 5, whichever is higher, plus any ATM-operator surcharge
- Card formats
- Virtual
- Wallet payments
- Apple Pay, Google Pay
- Receive methods
- 2 crypto · 0 fiat
- Payout methods
- 0 crypto · 0 fiat
- Cashback
- 4%-5%
- Plan cost
- $0
- FX fee
- 0% Ethena Pay markup; Visa rate applies
- ATM fee
- Not available
- Card formats
- Virtual
- Wallet payments
- Apple Pay
- Receive methods
- 0 crypto · 0 fiat
- Payout methods
- 1 crypto · 0 fiat
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03 · Compare the details
See how the trade-offs line up
Comparable figures receive a marker; missing or unverified details stay visible instead of becoming an assumed advantage.
Best known Not disclosed
CardsCoin98 Fusion CardOverall60Ethena Pay CardOverall86
Coin98 Fusion CardOverall60Ethena Pay CardOverall86Scores
6 fields- Overall Score
- Coin98 Fusion Card60Ethena Pay Card86
- Cashback score
- Coin98 Fusion Card17Ethena Pay Card89
- Travel score
- Coin98 Fusion Card65Ethena Pay Card64
- Funds control score
- Coin98 Fusion Card64Ethena Pay Card86
- Lowest fees score
- Coin98 Fusion Card72Ethena Pay Card87
- Transfers score
- Coin98 Fusion Card39Ethena Pay Card82
Strengths & trade-offs
2 fields- Strengths
- Coin98 Fusion CardVirtual Visa with both phone wallets, USDC and USDT top-ups on five networksEthena Pay CardStrong Standard cashback bands, No Standard monthly fee or FX markup
- Trade-offs
- Coin98 Fusion CardEvergreen rewards are not verified, Top-up, FX and ATM fees applyEthena Pay CardCard access is still application-gated, One-day payment grace adds liquidation risk
Costs
7 fields- Plan cost
- Coin98 Fusion Card$0Ethena Pay Card$0
- FX fee
- Coin98 Fusion Card1.7% foreign-currency conversionEthena Pay Card0% Ethena Pay markup; Visa rate applies
- Top-up fee
- Coin98 Fusion Card1%Ethena Pay CardProvider collateral-funding fee unknown; external network gas is separate
- Card spending fee
- Coin98 Fusion CardNot disclosedEthena Pay Card0%
- ATM fee
- Coin98 Fusion Card1% or SGD 5, whichever is higher, plus any ATM-operator surchargeEthena Pay CardNot available
- Virtual card
- Coin98 Fusion CardUSD 9 issuance/activation feeEthena Pay CardUSD 0
- Physical card
- Coin98 Fusion CardNot applicable while the physical card is under developmentEthena Pay CardNot disclosed
Plans
2 fields- Available plans
- Coin98 Fusion CardNot disclosedEthena Pay Card3 plans: Standard, Pro, VIP
- Top cashback plan
- Coin98 Fusion CardNot disclosedEthena Pay CardVIP: 5%
Everyday use
8 fields- Network
- Coin98 Fusion CardVisaEthena Pay CardVisa
- Card formats
- Coin98 Fusion CardVirtualEthena Pay CardVirtual
- ATM withdrawals
- Coin98 Fusion CardAvailableEthena Pay CardNot available
- Mobile wallets
- Coin98 Fusion CardApple Pay, Google PayEthena Pay CardApple Pay
- Apps
- Coin98 Fusion CardiOS, AndroidEthena Pay CardiOS, Web
- Daily spending limit
- Coin98 Fusion CardNo daily card-spend limit published; SGD 200,000 rolling 12-month spending limitEthena Pay CardDynamic, based on collateral market value
- Monthly spending limit
- Coin98 Fusion CardNo monthly card-spend limit published; SGD 200,000 rolling 12-month spending limitEthena Pay CardDynamic, based on collateral market value
- ATM limit
- Coin98 Fusion CardSGD 10,000 per day and SGD 100,000 per month; per-transaction cap unclearEthena Pay CardNot available
Funding & transfers
5 fields- Networks
- Coin98 Fusion CardEthereum, Solana, Polygon, Base, TronEthena Pay CardEthereum, Polygon, Optimism, Arbitrum
- Crypto deposits
- Coin98 Fusion CardStablecoins: USDC, USDTEthena Pay CardNot disclosed
- Fiat deposits
- Coin98 Fusion CardNot disclosedEthena Pay CardNot disclosed
- Transfers
- Coin98 Fusion CardNot disclosedEthena Pay CardStablecoin transfers; Ethena Pay user transfer; Bank withdrawal
- Payout currencies
- Coin98 Fusion CardNot disclosedEthena Pay CardNot disclosed
Rewards
3 fields- Base cashback
- Coin98 Fusion Card0%Ethena Pay Card4%
- Max cashback
- Coin98 Fusion Card0%Ethena Pay Card5%
- Reward currency
- Coin98 Fusion CardNot applicableEthena Pay CardAVAX
Earn
5 fields- Advertised APY
- Coin98 Fusion CardNot offeredEthena Pay CardUp to 6% APY
- How it works
- Coin98 Fusion CardNot offeredEthena Pay CardEarn on spending balance
- Separate deposit
- Coin98 Fusion CardNot offeredEthena Pay CardNo
- Use balance for spending
- Coin98 Fusion CardNot offeredEthena Pay CardYes
- Lock-up
- Coin98 Fusion CardNot offeredEthena Pay CardNo
Trust & availability
5 fields- Custody
- Coin98 Fusion CardHybrid custodyEthena Pay CardHybrid custody
- Control until payment
- Coin98 Fusion CardProvider controls fundsEthena Pay CardYou keep control
- Card issuer
- Coin98 Fusion CardDCS Card Centre Pte. Ltd.Ethena Pay CardThird National
- Card processing
- Coin98 Fusion CardNot disclosedEthena Pay CardSignify Holdings, Inc. d/b/a Rain
- Identity verification
- Coin98 Fusion CardNot disclosedEthena Pay CardSumsub
Sources
2 fields- Official sources
- Coin98 Fusion Card23Ethena Pay Card12
- Last reviewed
- Coin98 Fusion CardAug 5, 2026Ethena Pay CardSep 1, 2026
04 · The trade-off
Ethena Pay Card is the stronger all-round choice
Ethena Pay Card finishes ahead with an Overall Score of 86 versus 60 for Coin98 Fusion Card. Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 1.7% foreign-currency conversion). Ethena Pay Card has the higher published base cashback rate (4% vs 0%).
Coin98 Fusion Card still comes out ahead for Travel, which may matter more than the overall result if that is how you plan to use the card. Coin98 Fusion Card and Ethena Pay Card use the same hybrid custody setup.
Ethena Pay Card lists more stablecoins and ways to send money out (4 vs 2). Before applying, confirm availability in your country and recheck the provider's current fees and reward conditions.
If one card now looks like the better fit, you can check the latest application terms on the provider site or read our full Coin98 Fusion Card and Ethena Pay Card reviews first.
Continue with
Coin98 Fusion Card
Continue with
Ethena Pay Card
05 · Common questions
Coin98 Fusion vs Ethena Pay FAQ
Is Coin98 Fusion or Ethena Pay better overall?
Ethena Pay Card has the higher Overall Score (86 vs 60). That does not make it better for everyone: your preferred fees, rewards, way of holding funds and country availability can change the practical choice.
Which has lower fees, Coin98 Fusion or Ethena Pay?
Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 1.7% foreign-currency conversion). Compare plan, FX, card-spend, top-up and ATM charges separately because one fee does not represent the full cost.
Which has better cashback, Coin98 Fusion or Ethena Pay?
Ethena Pay Card has the higher published base cashback rate (4% vs 0%). Maximum rates may depend on tiers, caps, categories or other conditions, so the entry rate and reward asset matter too.
How do Coin98 Fusion and Ethena Pay differ on custody?
Coin98 Fusion Card and Ethena Pay Card use the same hybrid custody setup.
How current is this Coin98 Fusion vs Ethena Pay comparison?
The latest information check for these two cards was September 1, 2026, using 35 official sources in total. Each full card review lists its own check date, sources and anything the provider has not clearly disclosed.