Solana

USDC

Crypto card payments expanded in Q3, showing a clear adoption trend. The expansion arrived after the addition of new assets, as well as the growing usage of the major stablecoins USDT and USDC.&nbsp;
Crypto card volume rose by 33% in Q3, reaching $4.31B, up from $3.24B in Q2. Some of the growth came from Tether’s payment network Plasma, which increased its volume by 350%. The growth of stablecoin payments and stablecoin card usage has expanded since 2024, growing despite the overall crypto setbacks and a brief bear market.&nbsp;
TRON, one of the main liquidity venues for USDT, led the growth of chains with 23.2% in quarterly payment volume. Nearly half of card-based payments for stablecoins happened on TRON, Base, and BNB Chain.&nbsp;
Ethereum remains the legacy venue for stablecoin payments, while Solana expands adoption with a growing number of user addresses.&nbsp;
Crypto payment cards grew slowly, starting out as a novelty item. Now, using stablecoins as a form of payment has turned into a consumer staple. Recently, Stripe’s new Privy of crypto and stablecoins, Henri Stern, announced the platform will expand its <a href="https://x.com/sternhenri/status/2107113519564922897" rel="noopener noreferrer nofollow">stablecoin tools</a> to boost global adoption.
Growth also came from adoption through Revolut, which expanded its selection with a native <a href="https://paymentscan.xyz/revolut" rel="noopener noreferrer nofollow">EURR stablecoin</a> based on the Euro.
<h3 id="span-style-font-weight-400-usdc-drives-crypto-card-expansion-span">USDC drives crypto card expansion</h3>
Stablecoin usage shifted following the mandatory <a href="https://www.cryptopolitan.com/esma-gives-eu-firms-three-months-to-clear-non-mica-stablecoins/" rel="noopener noreferrer nofollow">MiCAR adoption in the EU</a>, as well as the regulations of the US Genius Act, which is still being rolled out in practice.&nbsp;
In the past two years, regulated stablecoin USDC started displacing USDT, which is even more clearly visible in card payments. While USDT transfers, supply and ownership are still higher for internal crypto transactions and P2P payments, card volumes grew with the adoption of a regulated asset.&nbsp;
<figure style="width: 100%" class="wp-caption alignnone"><img src="https://www.cryptopolitan.com/wp-content/uploads/2026/10/StablecoinPaymentsOct92026.png" alt="Crypto card volume expands to $4.3B in Q3 " width="1081" height="583">
 <figcaption>
 USDC was a major driver for crypto card payments, displacing USDT due to demand for regulatory compliance and transparent asset backing. | Source: <a href="https://en.macromicro.me/charts/154636/world-stablecoin-card-currency-market-volume" rel="noopener noreferrer nofollow">MacroMicro</a>
 </figcaption>
</figure>
USDC retains a supply of around <a href="https://studio.glassnode.com/charts/supply.Current?a=USDC" rel="noopener noreferrer nofollow">$75B</a>, of which $6.75B is minted on the Solana chain, with faster adoption for trading and DeFi. In September, USDC card payments reached a volume of over $439M, more than three times the usage of USDT.&nbsp;
Payments are becoming a growing use case for stablecoins. Adjusted volumes report over $54B in payments for September. Other major use cases include DeFi, DEX routing, and general usage within crypto protocols. As a result, USDC is filling the gap left by USDT, which has been divested by brokerages, exchanges, and other financial service providers.&nbsp;
<h3 id="span-style-font-weight-400-payment-apps-boost-crypto-fundraising-span">Payment apps boost crypto fundraising</h3>
Payments as a use case expanded in 2026, following a period of adapting to the new regulations.&nbsp;
This has been reflected by funding activity, based on Cryptorank’s <a href="https://cryptorank.io/insights/reports/crypto-fundraising-recap-q3-2026" rel="noopener noreferrer nofollow">tracking</a> of VC investments. In Q3, payments, exchange and brokerage accounted for 71.6% of VC funding. In total, companies raised $2.26B for the past quarter, with a total of 127 rounds. Payments and fintech displaced the previous waves of investment in user-directed crypto, such as memes and NFTs.&nbsp;
In the past quarter, funding activity declined, with more funds flowing to already established payment ecosystems like Crypto.com.&nbsp;
For the past two quarters, payment projects raised $1B, becoming the second-biggest category in crypto VC funding. <a href="https://www.cryptopolitan.com/prediction-markets-weekly-trading-volume-record/" rel="noopener noreferrer nofollow">Prediction markets</a> came in first with $2B in funding, but payments may continue to grow based on the recent growth in transaction counts and value transfers. 
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Crypto card volume in Q3 grows to $4.31B, rising 33% from Q2

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