PANews reported on May 3 that Tether CEO Paolo Ardoino shared the latest data from Memento Research on the X platform, showing that monthly spending on crypto payment cards has climbed to $600 million, a six-fold increase year-on-year, indicating strong overall industry growth.

Currently, the cumulative on-chain transaction volume of crypto payment cards has reached $7.2 billion, with 24 million transactions covering 1.36 million wallet addresses. Data shows that approximately 90% of transactions are completed via the Visa network, making Visa a core circulation channel for crypto payments. On the settlement side, 62.5% of transactions are completed through USDT, with stablecoins continuously strengthening the underlying infrastructure for daily consumer payments. On-chain data also shows that the Solana ecosystem contributed $348 million in transaction volume, and Jupiter Global saw a month-on-month increase of 660%, demonstrating the significant growth momentum of emerging public chains and their supporting payment service providers.