BREAKING: Total crypto card deposits have officially crossed above $10 billion for the first time in history. This puts total deposits up +82% year-to-date and nearly +250% year-over-year. The surge comes amid a rapid adoption of stablecoins as a payment rail, particularly in cross-border transactions. Yesterday, Visa, Mastercard, and a consortium of over 140 companies jointly launched a new USD-pegged stablecoin called Open USD, which is set to accelerate this trend. Onchain platform Jupiter Mobile has also driven adoption, which has seen +65% month-over-month growth in new card users. User growth has been fueled by localized integrations such as QR-based payments and growing accessibility across 60+ countries. Crypto card adoption is rapidly expanding.(The Kobeissi Letter)