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Your comparison2 of 4 cards selected
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Unofficial MPChat-inspired card design concept; not an issued card design
52Overall

Best fit

  • MPChat Pay users allocating USDT to a separate Visa spending balance.
  • Choosing Cloud for online payments or Boundless for physical-card use.

Before you choose

  • Each purchase costs 0.8%, plus variable USDT conversion and any issuer FX.
  • Cloud costs 10 USDT; Boundless costs 100 USDT and charges 2% for ATMs.
Read review
Ethena Visa Platinum card with Earth artwork
Ethena Pay

Ethena Pay Card

89Overall

Best fit

  • USDe users combining card spending with eligible Daily Boost balances.
  • Funding through USD, EUR or GBP bank transfers, or USDe, USDT and USDC.

Before you choose

  • Cashback is paid in AVAX, with Standard falling to 1% and then 0%.
  • Daily Boost is variable and requires at least one qualifying purchase each month.
Read review
2 of 4 cards selected

Fees, rewards & everyday use

Compare the details

01

Scores

Overall Score
MPChat Card: 52
Ethena Pay Card: 89
Cashback score
MPChat Card: 18
Ethena Pay Card: 89
Travel score
MPChat Card: 72
Ethena Pay Card: 69
Funds control score
MPChat Card: 41
Ethena Pay Card: 91
Lowest fees score
MPChat Card: 60
Ethena Pay Card: 87
Transfers score
MPChat Card: 58
Ethena Pay Card: 98
02

Costs

Plan cost
MPChat Card: $0
Ethena Pay Card: $0
FX fee
MPChat Card: 0%
Ethena Pay Card: 0%
Top-up fee
MPChat Card: USDT on Tron (TRC20); minimum received 10 USDT; allocate Pay balance to card
Ethena Pay Card: Provider collateral-funding fee unknown; external network gas is separate
Card spending fee
MPChat Card: 0.8%
Ethena Pay Card: 0%
ATM fee
MPChat Card: Boundless only: 2%, minimum $1; Cloud has no ATM access
Ethena Pay Card: $1 + 0.65% where ATM access is available; separate operator surcharge may apply
Virtual card
MPChat Card: Cloud: 10 USDT one time
Ethena Pay Card: USD 0
Physical card
MPChat Card: $100
Ethena Pay Card: Not disclosed
Asset conversion fee
MPChat Card: Not disclosed
Ethena Pay Card: 0%
03

Plans & rewards

Entry plan
MPChat Card: Cloud Card
Ethena Pay Card: Standard
Base cashback
MPChat Card: Not disclosed
Ethena Pay Card: 4%
Max cashback
MPChat Card: Not disclosed
Ethena Pay Card: 5%
Reward currency
MPChat Card: Not disclosed
Ethena Pay Card: AVAX
Cashback cap · entry plan
MPChat Card: Not disclosed
Ethena Pay Card: $115 / month
Full-rate spend · entry plan
MPChat Card: Not disclosed
Ethena Pay Card: $2,500 / month
Rate after spend cap · entry plan
MPChat Card: Not disclosed
Ethena Pay Card: 1%
Top cashback plan
MPChat Card: Not disclosed
Ethena Pay Card: VIP
Cashback on top plan
MPChat Card: Not disclosed
Ethena Pay Card: 5% in AVAX
Full-rate spend · top plan
MPChat Card: Not disclosed
Ethena Pay Card: $20,000 / month
Rate after spend cap · top plan
MPChat Card: Not disclosed
Ethena Pay Card: 2%
Top plan price / access
MPChat Card: Not disclosed
Ethena Pay Card: Not disclosed · plan price
Top plan qualification
MPChat Card: Not disclosed
Ethena Pay Card: Access rules not disclosed
04

Everyday use

Network
MPChat Card: Visa
Ethena Pay Card: Visa
Card formats
MPChat Card: Virtual, Physical
Ethena Pay Card: Virtual
ATM withdrawals
MPChat Card: Available
Ethena Pay Card: Not disclosed
Mobile wallets
MPChat Card: Google Pay
Ethena Pay Card: Apple Pay
Apps
MPChat Card: Not disclosed
Ethena Pay Card: iOS, Web
Daily spending limit
MPChat Card: $250,000 / day
Ethena Pay Card: Dynamic, based on collateral market value
Monthly spending limit
MPChat Card: $1,000,000 / month
Ethena Pay Card: Dynamic, based on collateral market value
ATM limit
MPChat Card: $1,500 / day
Ethena Pay Card: $0 / withdrawal
05

Money in & out

Networks
MPChat Card: Tron (TRC20)
Ethena Pay Card: Ethereum, Polygon, Optimism, Arbitrum
Stablecoin deposits
MPChat Card: USDT
Ethena Pay Card: USDe, USDT, USDC
Other crypto deposits
MPChat Card: Not disclosed
Ethena Pay Card: Not disclosed
Fiat deposits
MPChat Card: Not disclosed
Ethena Pay Card: Bank transfer
Crypto transfers
MPChat Card: External USDT withdrawal
Ethena Pay Card: External wallet transfer
Internal transfers
MPChat Card: Not disclosed
Ethena Pay Card: Ethena Pay user transfer
Bank transfers
MPChat Card: Not disclosed
Ethena Pay Card: Bank withdrawal, Bank transfer funding
Payout currencies
MPChat Card: Not disclosed
Ethena Pay Card: USD, EUR, GBP
06

Earn

Advertised APY
MPChat Card: Not offered
Ethena Pay Card: Up to 6% APY
How it works
MPChat Card: Not offered
Ethena Pay Card: Earn on spending balance, Optional earn vault
Separate deposit
MPChat Card: Not offered
Ethena Pay Card: Varies
Use balance for spending
MPChat Card: Not offered
Ethena Pay Card: Not disclosed
Lock-up
MPChat Card: Not offered
Ethena Pay Card: Not disclosed
07

Trust & sources

Custody
MPChat Card: Custodial
Ethena Pay Card: Hybrid custody
Control until payment
MPChat Card: Provider controls funds
Ethena Pay Card: You keep control
Card issuer
MPChat Card: Not disclosed
Ethena Pay Card: Third National
Card processing
MPChat Card: Not disclosed
Ethena Pay Card: Signify Holdings, Inc. d/b/a Rain
Identity verification
MPChat Card: Not disclosed
Ethena Pay Card: Sumsub
Official sources
MPChat Card: 30
Ethena Pay Card: 13
Last reviewed
MPChat Card: Nov 12, 2026
Ethena Pay Card: Nov 12, 2026

Using the comparison

Compare cards FAQ

Can I compare more than two cards on my phone?

Yes. Select up to four cards. On a phone, two cards appear side by side. Tap the left or right card menu to show another selected card; the rest stay in your comparison.

How do I add or replace a card?

Open Change cards, choose two to four cards and apply your selection. The same control stays beside the section menu as you scroll through the table.

Which plan do the cashback figures describe?

Entry-plan and top-plan rewards have separate rows, with the plan name shown for each. A headline maximum can apply to a bonus category rather than every purchase. The info icons beside the figures show their qualifying terms.

What is the difference between the cashback caps?

A cashback cap limits the rewards you earn. A full-rate spend cap limits the purchases earning a particular rate; a lower rate may apply afterwards. A redemption cap limits how much you can redeem. These are separate rows because they measure different things.

Does Not disclosed mean a fee is zero?

No. It means we do not have a published figure for that item. Confirmed zero fees appear as 0% or $0. Tap an info icon for plan, asset or regional conditions attached to a published fee.

Do partner offers influence the scores?

No. Scores and rankings follow our published methodology. Partner links, signup offers and commissions never change those calculations.

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