Stablecoin card spending reaches record $189M in week of Sept 14

by@cryptounfolded

Summary

Weekly spending on stablecoin cards reached a record high of $189 million during the week of September 14, with USDC leading the charge in this growing financial sector. The surge in spending signals an acceleration in real-world payment use of stablecoin cards, particularly since mid-2025, despite volumes remaining relatively low compared to traditional banking methods. This trend is bolstered by partnerships such as Circle's recent five-year agreement with Binance, which aims to expand distribution and enhance incentives tied to USDC balances.

Tokens

$USDC

Analysis

USD Coin: USD Coin (USDC) is a dollar-pegged stablecoin issued by Circle and engineered for compliant payments, transfers, and decentralized finance use cases. Recent partnerships, including a major equity investment and multi-year promotion agreement from Binance, have bolstered its distribution and institutional reach. In the context of the news, USDC is dominating volumes in the record-setting stablecoin card spending tracked for the week of September 14. Adoption: Stablecoin payment cards continue to show accelerating real-world usage, with USDC consistently leading spend across Visa-powered programs and multiple blockchains. Partnerships: Circle recently deepened its distribution through a five-year agreement with Binance that includes equity investment and ongoing incentives tied to USDC balances.

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