May 11, 2026
Crypto card volumes have grown 12x over the past two years, now exceeding $650M in monthly volume.
At the same time, where stablecoins live and where they’re spent are diverging. Ethereum holds 54% of stablecoin supply but accounts for just 13% of crypto card settlement, while Tron holds 27% of supply but processes 33% of card volume.
The gap is less about fees and more about distribution. Much of crypto card activity flows through providers like RedotPay, whose user base is concentrated in Asia and MENA, where users already hold USDT on Tron.
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