Stablecoins are increasingly being spent by card swipe.
Crypto payment cards have gone from a novelty to more than $750 million in monthly spend. These cards let people pay with crypto anywhere traditional card networks are accepted. Behind the scenes, the crypto β stablecoins, overwhelmingly β gets converted to local currency at the point of sale, so the payments look like any other card transactions to merchants.
Crypto cardholders donβt require a traditional bank account. Depending on the program, users either deposit stablecoins with a card issuer, or hold them directly onchain through self-custody. Crypto cards expand peopleβs access to U.S. dollar accounts globally, and they offer a convenient way for stablecoin holders to transact.
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