- Crypto card volume reaches $600M per month
- Usage has more than tripled year-over-year
- USDT still dominates but USDC is gaining share
- Growth reflects increasing real-world crypto payments
Rapid Growth in Crypto Payments
Crypto-linked debit and prepaid card usage has surged to $600 million in monthly volume, more than tripling compared to last year. These cards allow users to spend crypto directly without needing traditional bank off-ramps.
This shift reduces friction for users who operate primarily onchain, making crypto more practical for everyday transactions.
USDT Leads, But USDC Is Catching Up
Tether’s USDT remains the dominant stablecoin used in crypto card payments, especially in emerging markets where access to banking is limited.
However, USDC is steadily gaining ground, particularly in Western markets where regulation and institutional backing play a larger role in adoption.
A Signal of Changing User Behavior
The mix between USDT and USDC is becoming an important indicator of where and how crypto is being used globally. Rising USDC usage suggests growing adoption among more regulated markets and new user segments.
