Crypto Payment Cards See Sixfold Growth, Tether Dominates Transactions

The growth of crypto payment cards continues to surge, with new data revealing that monthly spending has reached an impressive $600 million. This represents a substantial sixfold increase compared to the same period last year, highlighting the rapidly evolving landscape of digital payments.

According to on-chain data, USDT stablecoins have emerged as the preferred choice for transactions, accounting for 62.5% of all settlements. This underscores the increasing reliance on stablecoins as a fundamental component of consumer payment infrastructure.

The Visa network remains the dominant force in facilitating these transactions, with approximately 90% of payments processed through its channels. Meanwhile, the Solana ecosystem has made significant strides, contributing $348 million to the overall transaction volume.