Stablecoin card spend is growing 100% year over year, Rain exec says
Retail spending on stablecoin-based cards has doubled over the past year, as these cards integrate with existing global payment networks like Mastercard.Summary
According to John Timoney of Rain, retail stablecoin card spending grew by over 100% in the past year, as these cards increasingly mimic traditional payment behavior. By utilizing existing infrastructure like Mastercard, stablecoin cards allow users to spend digital assets globally without merchants needing to manage crypto-specific risks. Beyond consumer convenience, the primary industry innovation lies in "on-chain settlement," which enables transactions on weekends and holidays, reducing the need for trapped capital by over 40%. While experts like Ray Hernandez of Consensys note that stablecoin cards currently represent less than 1% of total global card spending, the sector continues to grow by making blockchain technology "invisible" to the everyday consumer.
(Source：CoinDesk)