TechFlow News, May 3: Paolo Ardoino, CEO of Tether, shared on X data from Memento Research showing that monthly spending via crypto payment cards has reached $600 million—up sixfold year-on-year. Cumulative on-chain transaction volume has hit $7.2 billion, comprising 24 million transactions across 1.36 million wallet addresses. Specifically:
1. 62.5% of transactions were settled in Tether (USDT), indicating stablecoins are increasingly becoming foundational infrastructure for consumer payments;
2. Approximately 90% of transactions were processed via the Visa network;
3. On-chain data also shows that the Solana ecosystem contributed approximately $348 million in transaction volume, while Jupiter’s Jupiter Global saw a month-on-month growth of 660%.
