The cumulative recharge amount of encrypted payment cards has surpassed 10 billion USD for the first time, driven by the growth of stablecoin applications

Paymentscan data shows that the total recharge amount of cryptocurrency payment cards has surpassed 10 billion USD for the first time, reaching approximately 10.33 billion USD, an increase of 82% since the beginning of the year and about 250% year-on-year. This data accounts for the cumulative recharge scale of cryptocurrency payment cards and related payment projects, rather than the trading volume of cryptocurrency exchanges.

Reports indicate that stablecoins are becoming the main driving force behind the popularity of cryptocurrency payment cards. Compared to volatile assets like Bitcoin, stablecoins can complete payment settlements through traditional bank card networks, lowering the access threshold for merchants and making them more suitable for cross-border payments, remittances, and daily consumption scenarios in high-inflation areas.

As payment companies, cryptocurrency exchanges, and asset management institutions continue to improve stablecoin infrastructure, cryptocurrency payment cards are gradually becoming an important gateway connecting digital assets to real-world consumption. However, as the scale of application expands, regulators will also pay more attention to issues such as consumer protection, sanctions screening, tax reporting, reserve asset transparency, and transaction monitoring.