Stablecoin payment cards are becoming a key channel for cryptocurrencies to enter everyday consumption.

The data speaks for itself: from approximately $100 million in monthly transaction volume in 2023 to over $1.5 billion in 2025 — equivalent to an annualized scale of nearly $18 billion, this growth rate can already be compared to traditional P2P stablecoin transfers.

Interestingly, the driving force behind this wave of growth is not speculative hype, but real infrastructure development. Payment cards, as a bridge connecting the crypto world and brick-and-mortar businesses, are proving their essential nature. In contrast, those purely market-driven hype seem pale.

When the infrastructure is sufficiently developed, application scenarios will naturally follow.