Stablecoin Payments Rise 45% as Supply Stalls
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Allium reports $482 billion in stablecoin payments so far this year, a 45% increase, as card spending grows and payment firms expand crypto connections.
Stablecoin payments have reached $482 billion so far this year, up 45%, according to analytics firm Allium. The increase comes as stablecoin supply has stalled.
Card spending is rising sharply alongside the broader growth in payments. The figures point to increased transaction activity despite the lack of growth in supply.
Visa, Mastercard and Stripe are among the payment companies adding infrastructure that connects crypto with traditional money systems, expanding the links between stablecoins and existing payment networks.
Source: CoinDesk
