Taxes

Is spending with the card a taxable event?

Because the card is collateralised exclusively with USDC — a stablecoin pegged to USD — spending typically does not generate a capital gain or loss, as there is no price appreciation to report. However, tax treatment varies by jurisdiction. We recommend consulting a qualified tax professional for guidance specific to your country of residence.

Does Currency.com provide transaction records for tax purposes?

Yes. A full transaction history is available in your Currency.com account and can be exported for tax reporting purposes.