Crypto

Crypto Card Payment Volumes More Than Double In A Year, Growth Surges Since Stablecoin Act Passage


Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Market commentator The Kobeissi Letter spotlighted on Wednesday a sharp spike in cryptocurrency card payments, linking it to increased stablecoin adoption.

Cumulative Card Volume Nearing $8 Billion

Kobeissi Letter drew attention to cumulative payment volumes reaching $7.8 billion as of Wednesday, citing data from on-chain payment analytics firm Paymentscan. The monthly volumes have more than doubled from $271 million in May 2025 to $656 million in May 2026.

An overwhelming 72% of the total payment volume has been settled in Tether, while USDC’s share stood at roughly 18%.

Don’t Miss:

Fintech giant Visa Inc. was the dominant payment network, commanding over 90% market share, followed by Mastercard Inc..

Stablecoins Driving The Payment Surge?

Kobeissi Letter deemed cryptocurrency cards as the “ultimate use case” for stablecoins.

“Crypto card adoption has rapidly accelerated in 2026 due to growing access to stablecoins as a payment rail through crypto cards,” the market commentator added.

Trending: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time

Further analysis of the data showed a significant increase in cryptocurrency card volumes since the GENIUS Act was signed into law in July last year. The Act establishes the first comprehensive regulatory framework for dollar-pegged payment stablecoins in the U.S.

Payment volumes have surged during the peak bear market, demonstrating the real-world utility of cryptocurrency regardless of market conditions.

Source: Paymentscan

Photo courtesy: aleks333 on Shutterstock.com

Read Next: 

Building Wealth Across More Than Just the Market

Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button