{"id":13914,"date":"2026-09-30T16:39:49","date_gmt":"2026-09-30T16:39:49","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13914"},"modified":"2026-09-30T16:39:49","modified_gmt":"2026-09-30T16:39:49","slug":"stablecoin-cards-enter-hyper-growth-mode-as-monthly-spending-hits-record-1-17-billion","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13914","title":{"rendered":"Stablecoin cards enter \u2018hyper growth\u2019 mode as monthly spending hits record $1.17 billion"},"content":{"rendered":"

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Stablecoin card spending is accelerating to record levels, but the payment rail remains a fraction of the traditional card market.<\/p>\n

Paymentscan tracked about $1.17 billion in spending through Sept. 30, already above August\u2019s completed total and the highest monthly figure in its displayed series.<\/p>\n

Cuy Sheffield, head of Visa\u2019s crypto unit, described stablecoin-linked cards as being in \u201chyper growth mode,\u201d as issuers increasingly connect dollar-denominated tokens to existing card networks rather than wait for merchants to accept crypto directly.<\/p>\n

Notably, the growth has continued even without a corresponding increase in payment frequency. Paymentscan recorded 11.0 million transactions in September, down from 11.07 million in August, lifting the implied average transaction size to about $107.<\/p>\n

Active addresses also slipped to 283,761 from 287,634, though that measure is incomplete. Paymentscan counts addresses rather than individual users, and RedotPay, the market\u2019s largest tracked program, does not report an active-address figure on the platform.<\/p>\n

That leaves September showing a market handling more money through fewer recorded payments, at least before the month closes.<\/p>\n

Base leads chain activity as RedotPay dominates card programs<\/h2>\n

Coinbase-backed Base has emerged as the largest blockchain venue for stablecoin card spending, while RedotPay remains the biggest card program by volume.<\/p>\n

Paymentscan\u2019s on-chain-only data showed $788.9 million of September spending across tracked networks. Base accounted for $216.8 million, or 27.5% of the total, followed by Optimism at $127 million and Solana at $109.3 million.<\/p>\n

Stellar processed $69.3 million, Polygon $50.9 million, and Ethereum $49.5 million, while Plasma contributed $38.3 million. Another $127.8 million was spread across 11 other chains.<\/p>\n

Those figures cover on-chain spending and differ from Paymentscan\u2019s broader $1.13 billion September total, which can also include issuer-supplied off-chain, clearing, or settlement data depending on the program.<\/p>\n