Stablecoin card spending hits record $789M in September – Report

What happened

Stablecoin card spending reached a record $789 million in September, according to a report. USDC is winning the stablecoin card war, but USDT still rules overall.

Confirmed

Global impact / market context

More spending on stablecoin cards shows these digital dollars are being used for everyday purchases, not just trading. That can bring more revenue to card networks and payment companies that handle these transactions.

Analyst inference

USDC is ahead specifically in card spending, which means its users may be more comfortable paying for goods directly. USDT remains the largest stablecoin overall, so it still dominates trading and transfers even if cards favor USDC.

Analyst inference

What to watch

1. Watch whether stablecoin card spending sets another record in October after September's $789 million, showing if growth continues or stalls. Confirmed
2. Watch for future reports on USDC and USDT card usage to see if USDC's lead in card spending eventually narrows or widens. Proposed
3. Watch whether payment companies expand stablecoin card support, which could increase revenue from fees and attract more everyday users. Analyst inference

Affected assets

• USDT — Tether
• USDC — USD Coin

Evidence

• ambcrypto.com