Two numbers are increasingly shaping the direction of the crypto economy: roughly $600 million in monthly crypto card payments and a $5.58 billion onchain credit market. Together, they point to the same inflection—stablecoins are moving from a speculative parking asset toward functioning financial infrastructure that touches everyday spending and real-world borrowing demand.
The payments side has accelerated quickly. Crypto card transaction volume was close to negligible in early 2023, but the curve began to change around September 2024. Over the following eight months, volumes climbed more… Read more






