OwlTing, a global blockchain Fintech company, has launched gift card purchases within its self-custody digital wallet, OwlPay Wallet Pro. This update allows U.S. individual users to buy more than 100 digital gift cards directly with USDC on the wallet for everyday spending, offering a new off-ramp that connects digital dollars to real-world commerce. The wallet is available on both the Apple App Store and Google Play Store.
With this update, U.S. users can browse the built-in store, buy gift cards with USDC in a few taps, and redeem them in near real time for online checkouts or in physical stores. The wallet welcomes many of the most popular brands, including Airbnb, Amazon, Apple, Chipotle, DoorDash, Starbucks, Steam, Target, Uber/Uber Eats, and many more spanning from e-commerce, entertainment, food, sports, and travel, with discounts of up to 6%.
“Imagine paying for groceries tonight or booking your weekend getaway directly with USDC, with no waiting for bank deposits, no extra fees,” said Darren Wang, founder and CEO at OwlTing Group. “Gift cards are already part of everyday spending. We’re making USDC just as easy to use as cash, credit cards, or Apple Pay. Soon, gifting options will allow families and friends to share moments together in every transaction.”
The launch comes as the gift card economy continues to expand. The U.S. gift card market hit $343 billion in 2024 and is projected to more than double to $886 billion by 2032, fueled by digital payments and e-commerce growth. Meanwhile, a recent survey found that 50% of U.S. consumers are open to using stablecoins for everyday purchases, and 27% have already done so, with Millennials and Gen Z leading adoption.
To deliver a smooth and compliant experience, OwlPay Wallet Pro integrates KYC and conducts transaction monitoring throughout the process. As a self-custody wallet, it gives individual users full control of their private keys and funds while supporting deposits, withdrawals, and transfers of USDC across seven major blockchains, including Ethereum, Solana, and Stellar.
The wallet provides several ways to move between stablecoins and U.S. dollars, including cash-in and cash-out at global MoneyGram locations, bank transfers, and credit card purchases. With gift cards, OwlTing adds a new option for converting USDC into widely usable value at household brands, broadening the choices for stablecoin holders to access real-world commerce.
OwlTing is licensed under money transmitter licenses (MTLs) or the equivalent in 35 U.S. states and is pursuing approvals in the remaining states, as well as additional licenses in Japan, and upgrading our qualification in Europe.