Data: Monthly spending on crypto cards rises to $600 million, with USDT accounting for 62.5%

Odaily reports that data from Memento Research shows the monthly spending volume of crypto payment cards has risen to $600 million, a six-fold increase from a year ago. Cumulative on-chain transaction volume has reached $7.2 billion, with a total of 24 million transactions completed, involving 1.36 million wallet addresses. Among them:

1. 62.5% of transactions are settled using Tether (USDT), indicating that stablecoins are gradually becoming the underlying infrastructure for consumer payments;

2. Approximately 90% of transactions are completed via the Visa network;

3. On-chain data also shows that the Solana ecosystem contributed about $348 million in transaction volume, while Jupiter’s Jupiter Global saw a month-over-month growth of 660%.