Stablecoin Card Spending Reaches Record $789 Million in September

Monthly spending on stablecoin cards reached a record $788.9 million in September, marking a nearly 49-fold increase since early 2025. Circle's USDC led the segment with $423 million in volume, capturing a 57% market share compared to Tether's USDT at $135 million. While USDC dominates in regulated fintech and consumer payment rails, USDT maintains overall market dominance in global transfer volume with $182 billion, or 84% of the market, driven by its utility in emerging markets for savings and cross-border transactions.