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Stablecoin-Backed Card Transactions Surpass $1 Billion Monthly Milestone for First Time
['Trader Edge']
Blockonomi
BREAKING: Monthly stablecoin card spending volumes surged another +16% in July, to a record $1.03 billion.
To put this growth in perspective, just three years earlier, the entire monthly transaction volume for cryptocurrency cards hovered around merely $1 million.
Market Data and TrendsVisa maintains a commanding position in the stablecoin payment card ecosystem, handling approximately 90% of all transaction processing.
The $1.03 billion monthly transaction figure suggests the stablecoin card sector is tracking toward an annualized spending rate exceeding $12 billion.
Jupiter’s payment card has emerged as a prominent illustration of this fundamental transition in cryptocurrency usage patterns.