Data: Monthly spending on crypto payment cards rises to $600 million, with 90% of transactions relying on Visa

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ME News Report, May 3rd (UTC+8), Tether CEO Paolo Ardoino reposted the latest data from Memento Research on the X platform, showing that the monthly transaction volume of crypto payment cards has risen to $600 million, a sixfold increase year-over-year, indicating strong overall industry growth. Currently, the total on-chain transaction volume of crypto payment cards has reached $7.2 billion, with 24 million transactions covering 1.36 million wallet addresses. Data shows that approximately 90% of transactions are completed via the Visa network, making Visa the core circulation channel for crypto payments; on the settlement side, 62.5% of transactions are settled using USDT, with stablecoins continuing to strengthen the underlying infrastructure for daily consumption payments. On-chain data also indicates that the Solana ecosystem contributed $348 million in transaction volume, with Jupiter Global experiencing a month-over-month increase of up to 660%, and emerging public chains and supporting payment service providers showing significant growth momentum. (Source: PANews)

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