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CryptoMedium•25 March 2026•

1 min read

Pudgy Penguins Launches Visa-Backed 'Pengu' Crypto Debit Card

A glowing, wireframe globe with "$2.2 BILLION FTX PAYOUT" text, surrounded by digital financial charts on an orange background, with Bitcoin and Ethereum symbols.

Key Facts

1Pudgy Penguins launched the global 'Pengu' crypto debit card in partnership with Visa Inc.

2The card allows users to spend stablecoins (USDC, USDT) and PENGU tokens at over 150 million merchants.

Pudgy Penguins has announced the launch of its global 'Pengu' cryptocurrency debit card in a strategic partnership with Visa Inc. The new card allows users to spend stablecoins such as USDC and USDT, alongside the native PENGU token, at more than 150 million merchants worldwide. To incentivize adoption, the card offers users rewards of up to 12% on purchases and a 7% yield on held balances. This move aims to bridge the gap between digital assets and traditional retail payments, significantly increasing the utility of the Pudgy Penguins ecosystem. Following the announcement, the PENGU token price experienced an immediate surge of 5.6%. The collaboration highlights the growing integration of NFT-based brands into the mainstream financial services sector.