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Data: Monthly spending on crypto payment cards has risen to $600 million, with USDT accounting for 62.5%
Deep Tide TechFlow News, May 3rd, Tether CEO Paolo Ardoino reposted on the X platform that Memento Research data shows the monthly spending scale of crypto payment cards has risen to $600 million, a sixfold increase compared to a year ago, with a total on-chain transaction volume reaching $7.2 billion, totaling 24 million transactions involving 1.36 million wallet addresses, among which:
62.5% of transactions are settled using Tether (USDT), indicating that stablecoins are gradually becoming the underlying infrastructure for consumer payments;
About 90% of transactions are completed through the Visa network;
On-chain data also shows that the Solana ecosystem contributed approximately $348 million in transaction volume, with Jupiter Global under Jupiter experiencing a month-over-month growth of 660%.