Tether's crypto payment cards have achieved a significant milestone, reaching $600 million in monthly spending, according to data shared by CEO Paolo Ardoino from Memento Research. This marks a sixfold increase compared to the previous year. The cumulative on-chain transaction volume has soared to $7.2 billion, encompassing 24 million transactions across 1.36 million wallet addresses.
The data reveals that approximately 90% of these transactions are processed through the Visa network, with 62.5% settled in Tether's stablecoin, USDT. This growth underscores the expanding adoption of crypto payment solutions in mainstream financial networks.
Tether's Crypto Payment Cards Hit $600 Million in Monthly Spending
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.