Crypto Payment Card Spending Surges to $600 Million

Recent data from ChainCatcher reveals a significant increase in monthly spending on crypto payment cards, reaching $600 million. This represents a sixfold growth compared to the same period last year. The cumulative on-chain transaction amount has surpassed $7.2 billion, involving over 24 million transactions and 1.36 million wallet addresses.

The data highlights the growing importance of stablecoins in consumer payments, with 62.5% of transactions settled using Tether (USDT). This trend indicates that stablecoins are becoming a crucial underlying infrastructure for consumer transactions. Approximately 90% of these transactions were processed through the Visa network.