source avatarPETREX ☯︎

Share

$1,227B in stablecoin card spending in one month, the average transaction was about $105. DIA made a post citing @Paymentscan data that tracked card spending has tripled roughly over the year, reaching 11.7M transactions in just September alone. that's a different use case from holding stablecoins on an exchange or supplying them to a lending market. a freelancer could receive USDC from a client abroad, keep part of it for later, and spend some through a card. one balance can serve as a way to get paid, hold funds, and cover everyday expenses. USDC and USDT dominates the tracked card spending. EURC shows that euro stablecoins are being spent too, through at a much smaller scale. what i like about pairing this data with @DIAdata_org's global stablecoin map is that you can ask better quest like how much of a stablecoin is in circulation? where does is it sit? how much goes into lending? card spending adds another piece by showing how often people use stablecoin balances to pay

No.0 picture
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.