Crypto debit cards see $600M monthly spend and $7.2B on-chain volume across 24M transactions, with USDT 62% and Solana at $348M; Jupiter Global up 660% MoM, Visa settles ~90%, signaling stablecoins as the backbone of consumer payments. This report from Memento Research highlights rapid growth in crypto debit card usage, detailing substantial on-chain activity and concentration of settlement flows in stablecoins and traditional rails. Key figures include $600 million in monthly crypto debit card spend, $7.2 billion in on-chain volume from about 24 million transactions across 1.36 million wallets, with USDT representing about 62.5% of transactions and Solana contributing roughly $348 million in activity. Jupiter Global’s crypto card business shows dramatic expansion, with month-over-month growth exceeding 660% and cashback programs reaching 4%–10% in some cases. Approximately 90% of crypto card payments are settled through Visa, underscoring the continued role of established payment networks. Collectively, these findings suggest that stablecoins are increasingly becoming the underlying settlement infrastructure for global consumer payments, indicating a structural shift toward crypto-enabled fiat settlements.

AirdropBlackHole

2026-05-03 17:46:41

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On May 3, Memento Research data revealed that the monthly spending on cryptocurrency debit cards has reached $600 million, growing over 6 times in the past year. The report states that the cumulative transaction volume completed on-chain via crypto cards has reached $7.2 billion, involving approximately 24 million transactions and 1.36 million wallet addresses. Among these transactions, about 62.5% were completed using USDT; approximately $348 million in transactions occurred on the Solana network. Additionally, Jupiter’s crypto card business under Jupiter Global has seen a month-on-month growth of over 660%, with some cashback rates reaching 4%-10%. The report also noted that around 90% of crypto card payments are ultimately settled through Visa. Memento Research indicates that stablecoins are gradually becoming the underlying settlement infrastructure for the global consumer payment system.

SOL0.33%

JUP-0.67%

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