Crypto card spending hits $600M a month, up more than 6x from a year ago

May 3 — Memento Research data cited by BlockBeats show monthly spending on cryptocurrency debit cards has climbed to $600 million, more than six times the level a year earlier. Total on-chain transaction volume routed through crypto cards has reached $7.2 billion, spanning roughly 24 million transactions and 1.36 million wallet addresses. USDT accounted for about 62.5% of activity, and around $348 million of transactions were processed on the Solana network. Jupiter Global's crypto card segment posted month-on-month growth of more than 660%, with some consumer cashback offers ranging from 4% to 10%. The report added that roughly 90% of crypto card payments are ultimately settled via Visa. Memento Research said stablecoins are increasingly serving as the settlement layer for global consumer payment systems.