Stablecoin card spending grows by over 100% annually; Rain predicts Latin America may see double-digit market share.

PANews reported on May 8th that, according to CoinDesk , executives at payment infrastructure platform Rain stated that stablecoin card retail spending has grown by approximately 105%-106% over the past year, and is expected to reach double-digit market share of all bank cards in some Latin American markets in the future. These cards, distributed through networks like Mastercard , allow users to directly use stablecoins such as USDT and USDC for daily transactions, with merchants primarily settling in fiat currency. Rain stated that using stablecoins for card organization clearing allows for settlements on weekends and holidays, reducing "capital tied up" in some projects by over 40% , improving the capital utilization and return structure for card issuers. Currently, stablecoin cards account for less than 1% of the global market; future growth depends on more convenient entry points for purchasing stablecoins, fee abstraction, and the improvement of local payment infrastructure.

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Author: PA一线

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