Data: Monthly spending on crypto payment cards rises to $600 million, with 90% of transactions relying on Visa.

CoinFeed reported on May 3rd that Tether CEO Paolo Ardoino shared the latest data from Memento Research on the X platform, showing that monthly spending on crypto payment cards has climbed to $600 million, a six-fold increase year-on-year, indicating strong overall industry growth. Currently, the cumulative on-chain transaction volume of crypto payment cards has reached $7.2 billion, with 24 million transactions covering 1.36 million wallet addresses. Data shows that approximately 90% of transactions are completed via the Visa network, making Visa the core circulation channel for crypto payments; on the settlement side, 62.5% of transactions are completed through USDT, with stablecoins continuing to solidify the underlying infrastructure for daily consumer payments.