Stablecoin card spending hits record $1.17 billion in September
- —September stablecoin card spending hit a record $1.17 billion
- —Transaction count fell to 11.0 million from 11.07 million in August
- —Implied average transaction size rose to about $107
- —Base led on-chain volume with $216.8 million, or 27.5% of the total
Why it matters: Spending is rising even as payment frequency stalls, suggesting crypto cards are gaining volume but have yet to become users' primary financial account.
Source: CryptoSlate