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Monthly Spending on Stablecoin-Linked Cards Reaches Record $1.17 Billion

(2 days ago) · 1 source · Summarized by CryptoBipto

Monthly spending through stablecoin-linked payment cards has reportedly reached a record $1.17 billion. The milestone reflects growing use of stablecoins for everyday transactions through card-based payment infrastructure. Industry observers have described the trend as entering a period of rapid growth.

WHY IT MATTERS

Think of a stablecoin card like a debit card, but instead of drawing from a bank account holding dollars, it draws from a digital wallet holding stablecoins — digital tokens designed to maintain a steady value, usually one-to-one with the US dollar. When you tap the card at a store, the stablecoin is converted to regular money so the merchant gets paid as usual. The fact that over a billion dollars a month is now being spent this way suggests that stablecoins are increasingly being used not just for trading or saving, but for everyday purchases like groceries or online shopping. For newcomers to crypto, this is a practical example of how digital assets can connect to the financial systems people already use daily.

Stablecoin cards allow users to spend stablecoins — cryptocurrencies pegged to traditional currencies like the US dollar — at merchants that accept conventional card payments.

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SOURCES

  • cryptoslate.com

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