Stablecoin card top-ups reach $13.8 billion, with USDC leading in spending.

iconKuCoinFlash
Share
This is the logo of the coin.
USDC
$1.000%
This is the logo of the coin.
USDT
----
This is the logo of the coin.
SOL
$99.89-1.92%
This is the logo of the coin.
POL
$0.0931-3.72%
This is the logo of the coin.
OP
$0.0959-3.81%
AI summary iconSummary
On-chain data shows stablecoin card recharges reached $13.8 billion by August, driven primarily by USDC and USDT. USDC leads in spending, supported by fintech and payment infrastructure, while USDT is gaining momentum on exchanges and in emerging markets. On-chain settlements are distributed across multiple blockchains, led by Base at $1.2 billion. Stablecoin cards still rely on Visa and Mastercard, with competition centered on custody solutions and forex costs. Circle renewed its USDC partnership with Coinbase under the original terms. Crypto news highlights the evolving usage and infrastructure of stablecoins.

Odaily Planet Daily reports that as of August, the cumulative top-up amount for USDC and USDT-related stablecoin cards reached $13.8 billion, an increase of nearly $10 billion over the past 12 months. Stablecoin cards are shifting USDC and USDT from trading balances to everyday spending use cases.

USDC is currently leading in tracked card spending, while USDT is rapidly catching up. Their usage patterns differ: USDC benefits more from fintech integrations and payment infrastructure, whereas USDT is more active in exchanges, remittances, and emerging markets.

On-chain settlements are distributed across multiple chains, with Base leading at approximately $1.2 billion, followed by Solana at $635 million, Polygon at $544 million, and Optimism at $509 million. Networks such as Arbitrum, Scroll, Ethereum, and Stellar also recorded significant activity.

Stablecoin cards still rely on traditional payment networks like Visa and Mastercard, with competition shifting toward custody, foreign exchange costs, cashback, and capital efficiency. Circle has renewed its USDC partnership with Coinbase under existing terms, excluding dividend arrangements. (Bitcoin.com News)

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.