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Crypto
Stripe to expand stablecoin card to more than 100 countries by year-end
Stripe will expand its stablecoin card business to more than 100 countries by the end of this year. Henri Stern, co-founder and CEO of crypto wallet infrastructure firm Privy, which Stripe acquired last year, oversees Stripe\'s stablecoin and crypto business. Stern listed Kraken, Ramp and Moso as customers. Stripe is also expanding blockchain payments and is considering expansion into tokenised deposits, decentralised finance and more digital asset payments.
Crypto
Crypto card spending jumps 140 percent this year on stablecoin spread
Crypto card payment processing rose to a record $12.5 billion, up 140 percent from the start of the year, Bitcoin Magazine reported, citing paymentscan.xyz. The market sees stablecoins becoming payment infrastructure and rising demand for cheaper, faster cross-border transactions. Jupiter Spend’s active cards rose 55 percent from the prior quarter. Fold Holdings began issuing its Fold Bitcoin Credit Card to some waitlist users. Aven unveiled a bitcoin-collateral Visa card with loans up to $1 million.
Crypto
Stablecoin-linked card spending hits record $1.17 billion in September
Monthly payments made through stablecoin-linked cards rose to a record $1.17 billion in September, or about 1.6 trillion won. The total surpassed August even before September ended. Transaction volume fell to 11 million from 11.07 million in August, and active addresses also declined. Base accounted for the largest share of tracked on-chain spending. RedotPay led card programs by payment volume, while growth rates varied across issuers.
