Stablecoin card spending is rising. Here’s where the money goes

Stablecoin cards let customers spend digital dollars through familiar checkout terminals. Behind the growing volumes are issuers, custody providers, conversion services and settlement arrangements that determine the cost and what happens when a purchase goes wrong. Tracked stablecoin card volume has reached approximately $1.37 billion for October, as payment companies connect digital-dollar balances to existing card networks. Paymentscan’s dashboard showed the monthly figure on November 3, alongside approximately 12.94 million tracked transactions and 363,321 active addresses. Its coverage combines on-chain observations with some issuer-supplied off-chain data, which users can exclude through a separate setting.

Source: crypto.news