Crypto payment card spending reached $759 million monthly in July 2024, up 2.5x year-over-year, as stablecoins increasingly enable card-based transactions through traditional payment networks. Dollar-backed stablecoins now dominate, with USDC and USDT accounting for 84% of volume.
Read the full post on A16Z Crypto ↗
Topics: Crypto & Web3 · Fintech
Published by A16Z Crypto · their site ↗
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