Stablecoin Card Spending Surpasses $189 Million Record

Stablecoin card spending reached an all-time high of $189 million during the week of September 14, surpassing previous records.

In July and August, monthly totals crossed $1 billion for stablecoin transactions, with July reaching $1.04 billion and August reaching $1.116 billion.

The majority of these transactions are processed by Visa through a network of over 130 linked card programs globally.

The top issuers driving volume in July were RedotPay, EtherFi, and KAST, which together accounted for approximately 77% of total tracked card activity.