In an official press release, OKX said it obtained a Malta Payment Institution (PI) license, allowing it to continue offering EU-wide stablecoin payment services in compliance with MiCA and PSD2. The company noted that under PSD2, crypto firms conducting stablecoin payments—classified as electronic money tokens (EMTs)—must hold a PI or electronic money institution (EMI) authorization. OKX Europe CEO Erald Ghoos said the license ensures OKX Pay and the OKX Card operate on a compliant footing. OKX recently launched a European crypto payment card with Mastercard, and its venture arm backed stablecoin platform STBL.