Stablecoin card spend is growing 100% year over year, Rain exec says

Stablecoin card spend is growing 100% year over year, Rain exec says

Stablecoin settlement enables weekend/holiday settlement, reducing trapped capital by over 40%. This improves card economics and financial flexibility for issuers.

Stablecoin Card Spending Jumps 105% as LatAm Adoption Builds

Why Are Stablecoin Cards Gaining Traction? Stablecoin-based cards are moving from crypto-native use into everyday payments, with retail spend rising about 105% to 106% over the past year, according to John Timoney, head of strategic partnerships at Rain. The cards allow users to spend stablecoins such as Tether and USDC directly from digital wallets through physical or virtual cards. In many cases, merchants still receive fiat, meaning retailers…