fintech
Stablecoin-Backed Cards Hit $18bn Annual Run Rate: Report
📰 sources⭐ 6.0
TL;DR:
Global payment volumes on cryptocurrency-linked cards climbed to about $1. 5 billion a month in August, up from roughly $100 million a month in January 2023, as stablecoins increasingly move from trading and remittances into everyday spending, digital finance data platform Artemis said in a report......
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development could influence LINK price action and market sentiment in the near term.