Stablecoin card spend is growing 100% year over year, Rain exec says

Loading market data...

USDC

Daily

$1.0011

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$1.0193

Resistance 2$1.017

Resistance 1$1.0017

Price$1.0011

Support 1$1.0006

Support 2$1.0001

Support 3$0.9850

Pivot (PP):$1.0013

Trend:Uptrend

RSI (14):58.4

CoinDesk Staff

(10:11 AM UTC)

1 min read

Stablecoin settlement enables weekend/holiday settlement, reducing trapped capital by over 40%. This improves card economics and financial flexibility for issuers.

Stablecoin-based cards could soon account for double-digit percentages of all cards in some Latin American markets, John Timoney, head of strategic partnerships at Rain, a payments infrastructure platform, said.

Retail stablecoin card…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Comments