Crypto card usage surges to $600M monthly volume, tripling YoY as stablecoins power everyday payments and reduce reliance on traditional off-ramps
The Block •
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Promote with Leviathan News$391M of March’s $607M card volume came from RedotPay alone, so this market is still concentrated and one compliance freeze away from an air pocket. USDC clawing share from USDT on cards looks like geography bleeding into settlement mix: USDT still dominates the off-ramp substitute in LatAm, SEA, and Africa, while USDC fits Western issuers, bank partners, and Mastercard/Visa risk teams better. Visa and Mastercard are not getting disintermediated here; Bridge is already pushing Visa-linked issuance into 100+ countries, Rain is above $3B annualized, and the fattest margin pool sits in compliance and treasury middleware long before it reaches the wallet UI.
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