Crypto Card Monthly Spending Exceeds $1B, Stablecoins Dominate

The milestone matters less for the headline figure than for what it reveals about stablecoins' role: they are functioning as settlement rails for everyday card payments rather than as trading instruments. That shift affects card issuers, payment processors and the stablecoin issuers themselves, since transaction flow now depends on merchant acceptance and regulatory clarity as much as on crypto market conditions. The concentration in USDC and USDT is the structural question worth watching — whether that dominance persists as bank-issued and other stablecoins enter payments is the open issue.