PANews May 3 news, Tether CEO Paolo Ardoino shared the latest data from Memento Research on the X platform, indicating that the monthly spending scale of crypto payment cards has surged to 600 million dollars, a staggering increase of 6 times year-on-year, showing strong growth in the industry as a whole.

Currently, the cumulative on-chain transaction value of crypto payment cards has reached 7.2 billion dollars, with a total of 24 million transactions covering 1.36 million wallet addresses. Data shows that about 90% of transactions are completed via the Visa network, with Visa becoming the core circulation channel for crypto payments; on the settlement side, 62.5% of transactions are completed using USDT, as stablecoins continue to consolidate the underlying infrastructure for everyday consumer payments. On-chain data also shows that the Solana ecosystem contributed a transaction value of 348 million dollars, and Jupiter Global had a month-on-month growth rate as high as 660%, indicating significant growth momentum for emerging public chains and accompanying payment service providers.

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