Stablecoin Spend Surges Through Crypto Payment Cards

Crypto payment cards have seen a significant surge in adoption and usage, with over $750 million in monthly spend. These cards allow users to pay with cryptocurrencies anywhere traditional card networks are accepted.

The majority of transactions using crypto payment cards settle in stablecoins, specifically USDC and USDT, which now account for 84% of card spending volume. This shift away from euro-backed stablecoins is notable, as they once dominated a significant portion of the market.

According to Paymentscan, Optimism carries about 29% of crypto card spend volume, followed by Solana at 19%, and Base also at 19%. Gnosis, which was previously the leading chain for crypto card spending, has dropped to around 2%.