According to Tether CEO Paolo Ardoino citing Memento Research data, monthly crypto payment card spending reached $600 million, up 6-fold year-over-year. USDT accounted for 62.5% of transactions, with approximately 90% of all transactions processed through the Visa network. Cumulative on-chain transaction volume reached $7.2 billion across 24 million transactions involving 1.36 million wallet addresses.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ethereum Foundation Completes Key Glamsterdam Upgrade Milestones, Achieves 200M Gas Limit Consensus
According to the Ethereum Foundation, the Glamsterdam upgrade has achieved key milestones, including consensus on a 200 million Gas Limit floor, stable ePBS external builder operation, and finalized EIP-8037 gas repricing parameters. The upgrade aims to safely increase Gas Limit and expand Ethereum
GateNews2h ago
Ethereum Foundation Sells $23M ETH to Bitmine, Total Reaches $47M in One Week
According to The Block, the Ethereum Foundation sold 10,000 ETH valued at approximately $23 million to Tom Lee's Bitmine Immersion Technologies on Friday (May 2), bringing cumulative sales to the firm to $47 million within one
GateNews2h ago
Reuters: Nobitex Founded by Elite Iranian Political Family, Handles 70% of Nation's Crypto Activity
According to a Reuters investigation published Friday, Nobitex, Iran's dominant crypto exchange with roughly 11 million users, was founded by brothers Ali and Mohammad Kharrazi, members of a family with close ties to Iran's supreme leaders. The brothers registered the company in 2018 under an altern
GateNews4h ago
USDC Circulation Decreases by 900 Million in 7 Days, Total Supply at 77.1 Billion
According to Circle's official data, over the past 7 days through April 30, USDC circulation decreased by approximately 900 million as Circle issued 5.1 billion USDC and redeemed 6 billion, bringing total circulation to 77.1 billion. Reserves totaled approximately 77.4 billion U.S. dollars,
GateNews4h ago
Ethereum Spot ETFs See $101M Net Inflows Yesterday, Fidelity FETH Leads With $49.4M
According to SoSoValue data cited by ChainCatcher, Ethereum spot ETFs saw net inflows of $101 million yesterday (May 1). Fidelity's FETH led with $49.39 million in single-day net inflows, followed by BlackRock's ETHA with $43.16 million. The total net asset value of Ethereum spot ETFs
GateNews7h ago
Bitcoin Spot ETFs See $630M Net Inflows Yesterday, BlackRock's IBIT Leads at $284M
According to ChainCatcher citing SoSoValue data, Bitcoin spot ETFs recorded net inflows of $630 million yesterday (May 1, Eastern Time). BlackRock's IBIT led with $284 million in daily net inflows, while Fidelity's FBTC followed with $213 million.
GateNews7h ago
