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Data: Monthly Spending on Crypto Cards Reaches $600 Million, USDT Accounts for 62.5%
On May 4th, Memento Research released data showing that the monthly spending on crypto payment cards has risen to $600 million, a sixfold increase compared to a year ago. The total on-chain transaction volume has reached $7.2 billion, with 24 million transactions completed involving 1.36 million wallet addresses. Key points include: 1. 62.5% of transactions were settled using Tether (USDT), indicating that stablecoins are gradually becoming the underlying infrastructure for consumer payments; 2. Approximately 90% of transactions were completed through the Visa network; 3. On-chain data also reveals that the Solana ecosystem contributed around $348 million in transaction volume, while Jupiter’s Jupiter Global saw a month-over-month growth of 660%, offering cashback incentives ranging from 4% to 10%.