Visa processes approximately 90% of crypto-card transactions, as stablecoin payments continue to rise. Recent data indicates that crypto-card spending has reached around $600 million monthly, with a cumulative on-chain card volume of $7.2 billion across 24 million transactions. USDT accounts for 62.5% of the settled volume, highlighting its dominance in the stablecoin market.
Jupiter Global's USDC-backed card, which operates on Visa's network, has seen a 660% month-over-month growth. Visa's stablecoin settlement pilot has achieved a $7 billion annualized run rate, expanding across nine blockchains. Despite stablecoins initially being designed to bypass traditional payment networks, Visa's extensive merchant acceptance and compliance infrastructure have positioned it as a key player in the crypto-card market, capturing significant transaction volumes and consumer relationships.
Visa Dominates Crypto-Card Transactions Amid Stablecoin Growth
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