Crypto Payment Card Monthly Spending Reaches $600 Million

Memento Research has released data indicating that the monthly spending volume of crypto payment cards has surged to $600 million, marking a sixfold increase from a year ago. According to Odaily, the cumulative on-chain transaction volume has reached $7.2 billion, with 24 million transactions involving 1.36 million wallet addresses. The data reveals that 62.5% of these transactions are settled using Tether (USDT), highlighting the growing role of stablecoins as a foundational element in consumer payments. Additionally, approximately 90% of transactions are processed through the Visa network. On-chain data further shows that the Solana ecosystem has contributed around $348 million in transaction volume, while Jupiter Global, a subsidiary of Jupiter, experienced a month-on-month growth of 660%.