Pera Wallet has introduced a new way for users to spend USDC directly from their Algorand wallet at any location that accepts Mastercard. This new product, known as the Pera Card, is powered by Immersve and built on Algorand’s fast and low-cost blockchain infrastructure. It enables seamless real-world payments using stablecoins while maintaining user custody and full on-chain transparency.
Available initially in the UK, Germany, Spain, Italy, and New Zealand, the card integrates stablecoin spending with mobile wallet compatibility. Users can make everyday purchases with crypto while avoiding traditional custodians, banks, or exchanges. With no annual or signup fees and real-time settlement, the Pera Card marks an important step toward more practical blockchain-based payments.
The @PeraAlgoWallet Debit Card is now live.
— Algorand Foundation (@AlgoFoundation) May 15, 2025
The only card in crypto with real-time, on-chain balance tracking and the ability to withdraw and deposit anytime
No signup fee. No yearly fee. Online and offline payments.
Experience the power of Algorand every day, everywhere you… pic.twitter.com/tCoMWXkF8y
Meet the Infrastructure Behind the Pera Card
Pera Wallet
Pera Wallet is the main self-custodial wallet for the Algorand ecosystem. It supports ALGO, Algorand Standard Assets (ASAs), NFTs, DeFi apps, and governance. With both mobile and web access, it offers a seamless interface and secure storage. Features include biometric login, hardware wallet integration, and rekeying support for flexible key management.
Pera Wallet serves over 1 million accounts. It is often the first point of contact for new Algorand users and a central hub for ecosystem engagement.
Immersve
Immersve enables non-custodial crypto spending through traditional payment networks like Mastercard. The company provides APIs and smart contract infrastructure that connect wallets to real-world commerce. Immersve handles fiat settlement and regulatory compliance while users transact on-chain.
The platform supports USDC spending at more than 90 million merchants worldwide. It also integrates with mobile wallets like Apple Pay and Google Pay for contactless use.
Algorand
Algorand is a permissionless Layer 1 blockchain designed for speed, low fees, and finality. It achieves transaction finality in under 5 seconds and typically charges fees under $0.001 per transaction. It is carbon-negative and supports more than 10 million active addresses. Algorand hosts a wide range of applications in tokenized assets, gaming, DeFi, and enterprise services.
The blockchain is also one of the earliest networks to support USDC, and processes millions of USDC transactions annually across various sectors. Algorand’s performance characteristics make it suitable for retail-grade financial applications like the Pera Card.
How the Pera Card Works
The Pera Card turns a crypto wallet into a practical payment tool. It offers stablecoin spending without requiring centralized custody or pre-funded accounts.
Step-by-step process:
- Connect your Pera Wallet to the card interface
- Complete identity verification through a secure KYC process
- Deposit USDC to your unique card wallet address
- Add the card to Apple Wallet or Google Pay
- Spend anywhere Mastercard is accepted—both online and in-store
Payments settle instantly. Transactions appear on-chain in real time. You can deposit or withdraw funds at any time without delay. This provides a flexible experience with full transparency.
Early adopters will also receive an exclusive NFT tied to their Pera Card activity.
Apply for your Pera Card:
https://perawallet.app/pera-card/
Where and How to Use the Card
At launch, the Pera Card is available in the UK, Germany, Spain, Italy, and New Zealand. The team plans to expand support across additional regions in the coming months. Users in other countries can join a waitlist to receive updates on future availability.
The card functions like a standard debit card. It can be used for travel bookings, online shopping, in-store purchases, and subscriptions. Users can track activity in-app and benefit from real-time transaction confirmations.
Additionally, early users will receive an exclusive NFT tied to their Pera Card account. This NFT may unlock future perks within the Algorand ecosystem.
What This Means for Crypto, Stablecoins, and Web3 Finance
Expanding Stablecoin Use Cases
The Pera Card transforms USDC from a DeFi-only asset into a daily spending tool. As of Q1 2025, more than $27 billion in USDC circulates globally. Most usage has occurred in DeFi protocols or centralized exchanges. The Pera Card enables direct usage in consumer commerce, without needing off-ramps or custodial platforms.
This is important because it aligns with user expectations of how money should function—spendable, fast, and easy to manage.
🔥 LATEST: Visa's Cuy Sheffield says stablecoins can modernize payments.
— Cointelegraph (@Cointelegraph) December 24, 2024
“2025 will introduce the next pivotal opportunity — the rise of stablecoin-linked cards,” Sheffield said. pic.twitter.com/r63U6G3xBr
Strengthening Web3 Infrastructure
By integrating payment rails into a non-custodial wallet, the Pera Card eliminates friction. Traditional crypto cards typically require funds to be moved to a custodial exchange. With Pera, users spend from the wallet they already use. This design supports Web3 values: user control, transparency, and minimal intermediaries.
Enabling Real-World Adoption
The card offers a model for how blockchain payments can scale. With support from Mastercard and compliant on-ramps like Immersve, users benefit from trust and usability. At the same time, the entire stack runs on decentralized tools.
This release also shows how stablecoins, identity verification, and smart contracts can support regulated, borderless payments.
Final Take: Crypto Spending That Works Like It Should
The Pera Card USDC Mastercard launch offers a functional, secure, and transparent way to use crypto in daily life. Users keep full control of their funds while accessing the speed and reach of traditional payments. Algorand provides the infrastructure, Immersve powers the rails, and Pera delivers the experience.
This launch moves crypto from abstract promise to practical tool. It shows how Web3 finance can serve real users, not just developers or institutions. For anyone looking to use stablecoins outside of DeFi, the Pera Card offers a clear path forward.
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