
Stablecoin Payment is Actually Not Moving Cross Border
Aug 14, 2026
Total Payment Volume
156.4M
Total Transactions
917.6K
Total Addresses
30
Active Projects
Volume History
Feb 2024
Gnosis Pay ships first cards in Europe
Mar 2024
USDT supply tops $100B
Jun 2024
EU MiCA stablecoin rules take effect
Jul 2024
KAST stablecoin money app launches
Sep 2024
Ether.fi launches “Cash” Visa card
Oct 2024
Stripe to acquire Bridge for $1.1B
Dec 2024
Holyheld raises to launch BRRR protocolFeb 2025
Stripe closes $1.1B Bridge acquisition
Mar 2025
RedotPay raises $40M Series A
Apr 2025
Circle announces Payments Network (CPN)
Ether.fi rolls out Cash cards in the U.S.May 2025
Circle Payments Network goes live
Stripe launches stablecoin accounts in 101 countries
Hong Kong passes Stablecoins OrdinanceJun 2025
Ether.fi Cash hits $10M daily volume
Jul 2025
GENIUS Act signed into law
Bitget Wallet launches zero-fee MastercardAug 2025
Mastercard expands Circle stablecoin settlement (EEMEA)
Sep 2025
Dec 2025
Kolo hits $250M volume, launches corporate cards
Kolo launches Visa credit card with 5% BTC cashback
Visa launches USDC settlement in the USFeb 2026
RedotPay explores ~$1B US IPO
May 2026
Bitget Wallet brings USD crypto card to AfricaJun 2026
Key Events
| # | Name | ||||
|---|---|---|---|---|---|
| 1 | $403.6M | +2.14% | 36.2% | ||
| 2 | $158.8M | +14.29% | 14.2% | ||
| 3 | $154.0M | +19.60% | 13.8% | ||
| 4 | EtherFi | $109.5M | +9.21% | 9.8% | |
| 5 | $104.8M | +16.96% | 9.4% | ||
| 6 | $43.7M | -25.17% | 3.9% | ||
| 7 | Wirex One | $34.9M | +39.88% | 3.1% | |
| 8 | $19.9M | +31.10% | 1.8% | ||
| 9 | Kolo | $17.8M | +15.30% | 1.6% | |
| 10 | $17.1M | +20.08% | 1.5% | ||
| 11 | $14.0M | -12.63% | 1.3% | ||
| 12 | $8.3M | -0.43% | 0.7% | ||
| 13 | Co Coca | $8.0M | +24.86% | 0.7% | |
| 14 | Avici | $3.6M | +4.92% | 0.3% | |
| 15 | $2.9M | -13.89% | 0.3% | ||
| 16 | $2.5M | +2.63% | 0.2% | ||
| 17 | $2.2M | +6.50% | 0.2% | ||
| 18 | Bitget Wallet | $2.1M | -47.24% | 0.2% | |
| 19 | $1.6M | -27.92% | 0.1% | ||
| 20 | $1.5M | -5.12% | 0.1% | ||
| 21 | Other Bridge | $1.1M | +58.53% | 0.1% | |
| 22 | $1.1M | +2.04% | 0.1% | ||
| 23 | $936.6K | -1.75% | 0.1% | ||
| 24 | $577.3K | -69.65% | 0.1% | ||
| 25 | $482.7K | +14.05% | 0.0% | ||
| 26 | Et Ethena Pay | $259.8K | +312.73% | 0.0% | |
| 27 | $182.3K | -68.35% | 0.0% | ||
| 28 | Vaultleap | $19.5K | +4.29% | 0.0% | |
| 29 | $0 | -100.00% | 0.0% | ||
| 30 | $0 | -100.00% | 0.0% |
A Hong Kong–based crypto card platform that lets users top up with stablecoins and spend worldwide through Visa and Mastercard rails.
Aggregate of cards issued through Rain (card-issuing infrastructure) that are not tracked as individual programs. Rain-issued cards tracked individually — such as Avalanche Card — are listed as their own rows, so this is not Rain's total volume.
Aggregate of Wirex-issued cards that are not tracked as individual programs. Wirex One is tracked separately as its own row, so this is not Wirex's total volume.

Cash product from EtherFi (a major liquid-restaking protocol) that turns restaked ETH yield into a Visa card you can spend anywhere.
Crypto-native global money app with USD-style stablecoin (USDC/USDT) accounts and a Visa card built for everyday spending.
Stablecoin-funded Visa card aimed at freelancers and users in emerging markets, with low-fee FX; issued via a bank partner (Banco Popular).

Premium banking tier from Wirex (founded 2014, 7M+ users, Visa/Mastercard principal member) — a Visa card with up to 8% USD cashback, stablecoin savings up to 9.75% APY and on-chain card settlement.
Stablecoin-native neobank built on Plasma — an L1 chain purpose-built for high-throughput, near-zero-fee USDT payments.

Crypto Visa card and USDT wallet that lets users spend BTC, ETH and stablecoins across 60+ countries, with real-time crypto-to-fiat conversion and BTC cashback.
Aggregate of cards issued through Immersve (Mastercard-based issuing infrastructure) that are not tracked as individual programs. Immersve-issued cards tracked individually — such as Bitget Wallet — are listed as their own rows.
Self-custodial wallet plus payment card — abstracts chains and gas so users can hold stablecoins and spend without thinking about networks.
Self-custodial Visa debit card on Gnosis Chain — balances live in a Safe smart account as EURe, with Monerium handling fiat settlement at swipe.
No description available yet.

Solana-native, self-custodial neobank — a Visa card tied to an on-chain smart wallet lets users top up with crypto and spend anywhere Visa is accepted while keeping custody.
MetaMask Card — the official card from the most-used EVM wallet, settling spend against on-chain balances held in your wallet.
Non-custodial, collateral-backed Visa card from the Avalanche Foundation (with Rain) — spend USDC, USDT and AVAX held in your own wallet, anywhere Visa is accepted.
Self-custodial Visa card that spends USDC on Base — available across the US, EU and many LATAM/Caribbean markets.

Bitget Wallet Card — the payment card from Bitget exchange's self-custody wallet, with broad chain coverage.
On-chain credit card protocol built on Optimism — users post crypto collateral and spend a USDC credit line settled on-chain.
Solana (SVM) restaking project — the Emerald Visa card spends USDC deposits on-chain, with optional T-bill yield and Emerald rewards.

Aggregate of cards issued through Bridge (Stripe's stablecoin issuing infrastructure) that are not tracked as individual programs.
Phantom Cash — a self-custodial Visa debit card from Phantom, the leading Solana wallet, that spends its own USD-pegged CASH stablecoin balance.
Telegram-based crypto finance app that issues Visa and Mastercard cards worldwide, letting users spend crypto via Apple/Google Pay or plastic cards after KYC.
Self-custody hardware/software wallet brand that pairs a Visa/Mastercard card (via the Fiat24 banking gateway) with its mobile wallet for spending crypto balances.
HyperEVM-native consumer app — spend yield from HyperLiquid positions through a stablecoin-backed payment card.
No description available yet.
Aggregate of cards issued through UR that are not tracked as individual programs.

No description available yet.
Self-custodial crypto neobank app (UK/EEA) — spend USDC via Mastercard, with instant card issuance and mobile-first onboarding.
Long-running Solana self-custody wallet that ships a companion card for spending SPL stablecoins.