Visa has become the main infrastructure of the market

The main beneficiary remains Visa. The company processed about 90% of all crypto card transactions in March. Growth is built through partnerships with crypto companies. Visa is gradually integrating stablecoins into its own payment infrastructure and expanding its presence in new regions. This is changing the role of the crypto market. Stablecoins are beginning to operate within the familiar payment model, rather than separately from it.
TRON has taken a leading position
At the blockchain level, the main recipient of volume has become TRON. About 35% of transactions were on the network, while BNB Chain accounted for approximately 15%. The reason is related to the liquidity of $USDT. A significant portion of the turnover of the largest stablecoin is concentrated on the TRON network. An additional advantage is cheap and fast transactions. This is critically important for everyday payments.
$USDT remains the foundation of payment activity
According to Messari, in the first quarter of 2026, about $2 trillion in $USDT transfers went through TRON. Almost all stablecoin volume within the network is attributed to $USDT. This creates a natural scale effect. The more liquidity is within the network, the more actively it is used for payments. Crypto cards are reinforcing this trend. Now, stablecoins are used not only for transfers between wallets but also for regular purchases.