Crypto Payment Card Spending Hits $600M Monthly, Up 6-Fold Year-Over-Year; USDT Accounts for 62.5% of Transactions

According to Tether CEO Paolo Ardoino citing Memento Research data, monthly crypto payment card spending reached $600 million, up 6-fold year-over-year. USDT accounted for 62.5% of transactions, with approximately 90% of all transactions processed through the Visa network. Cumulative on-chain transaction volume reached $7.2 billion across 24 million transactions involving 1.36 million wallet addresses.

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