Stablecoins were supposed to bypass credit cards, but now Visa is winning crypto card payments
Stablecoins were constructed on the premise that eradicating intermediaries between sender and recipient would erode the relevance of legacy cost networks, but the fastest-growing shopper stablecoin product relies upon fully on one. Data reported by The Kobeissi Letter exhibits crypto-card spending reached roughly $600 million per thirty days, with $7.2 billion in cumulative on-chain card…
