USDC and USDT Secure Dominant 84% Share in Crypto Card Spending
USDC and USDT Secure Dominant 84% Share in Crypto Card Spending
Dollar-backed stablecoins, specifically USDC and USDT, have collectively captured approximately 84% of all crypto payment card spending. This represents a significant market shift, reversing a trend from less than two years ago when euro-denominated tokens held sway, largely driven by the rollout of new card programs and improved settlement infrastructures.
Dollar-backed stablecoins have taken over crypto payment cards. USDC (USDC) and Tether (USDT) together account for roughly 84% of card spending. The split reverses a market that was dominated by euro tokens less than two years ago. The shift coincided with a wave of new card programs and settlement chains. Over the same period, dollar