Payment cards are becoming the most practical application scenario for stablecoins.



Recently, I came across some interesting data—the transaction volume of on-chain payment cards is growing rapidly. From $100 million per month to over $1.5 billion now, and how long has that been? The annualized scale has reached $18 billion, roughly equivalent to the entire stablecoin P2P transfer volume.

Even more interesting is the market concentration. Visa holds over 90% market share in the on-chain card product sector, almost a monopoly level. What does this indicate? It shows that traditional payment giants have deeply penetrated the crypto ecosystem, and users are starting to use stablecoins for everyday spending and payments.

From the data, payment cards are no longer just a gimmick but one of the most vibrant applications in the stablecoin ecosystem.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
AirdropGrandpavip
· 01-17 22:01
The growth rate of 1.5 billion USD has really peaked; finally, there's a practical use for it.
View OriginalReply0
AirdropHermitvip
· 01-15 09:08
Haha, the fact that Visa has a 90% market share is a bit ironic. The centralized giant has become the biggest application platform for stablecoins.
View OriginalReply0
CodeZeroBasisvip
· 01-15 00:58
Card King Visa really doesn't play fair; with a 90% market share, it directly locks down the entire industry.
View OriginalReply0
GovernancePretendervip
· 01-15 00:58
$18 billion, the growth rate is incredible... Visa's 90% market share is indeed a bit frightening, it seems traditional giants are quietly eating away at the benefits of crypto payments.
View OriginalReply0
DeFiGraylingvip
· 01-15 00:55
Haha, with Visa holding 90% market share, the traditional giants are really not playing with us.
View OriginalReply0
PumpAnalystvip
· 01-15 00:51
18 billion annualized scale? But Visa has a 90% monopoly. Is this really just the big players cutting the leeks?
View OriginalReply0
MetaLord420vip
· 01-15 00:50
Wow, this growth rate is too crazy. I didn't expect stablecoin payment cards to rise so quickly with $1.5 billion.
View OriginalReply0
  • Pin