Crypto card spending hits $18 billion annualized as stablecoin use shifts to everyday payments

Recent research by Artemis shows that spending via crypto credit and debit cards has reached an annualized $18 billion, rivaling peer-to-peer stablecoin transfers. Visa is capturing the majority of on-chain volume through early infrastructure partnerships. The shift in stablecoin use towards everyday payments, especially in online transactions, highlights the growing influence of cryptocurrency in daily life, particularly among younger and tech-savvy consumers. The increasing acceptance of crypto cards by various companies is anticipated to create new trading opportunities. Major corporations like Visa bolster the credibility of cryptocurrencies, facilitating their integration into the mainstream financial system. Assessing the potential impacts of this trend on the crypto market is essential.