Crypto Card Spending Surges to $600 Million Per Month, TRON Leads Market Share

Crypto card spending has reached a milestone, with recent data showing that it has surpassed $600 million per month. This rapid growth can be attributed to the increasing popularity of stablecoins, which are now being used for everyday spending, not just on-chain settlement.

The market share is dominated by TRON, which captured 35% of the volume in March, according to PaymentScan data. Visa processed around 90% of crypto card transactions during this period, further solidifying its position as a leading player in the industry.

TRON's success can be attributed to its settlement layer, which allows for fast and cheap stablecoin transfers. This has made it an attractive option for merchants and users alike, particularly in regions with thin or expensive banking infrastructure.