Crypto card deposits have reached a record high of more than $10 billion for the first time in history. The total has risen 82 % year‑to‑date, nearly 250 % higher than the same period last year. This growth coincides with the rapid adoption of stablecoins as a payment infrastructure, especially for cross‑border transactions.
Yesterday, Visa, Mastercard and a consortium of over 140 companies jointly launched a new U.S. dollar‑backed stablecoin called Open USD, expected to accelerate the trend further.
The on‑chain platform Jupiter Mobile has also contributed to the uptake, with new card users up 65 % compared to the previous month. The growth is supported by native features such as QR‑code payments and expanded availability in more than 60 countries.