Stablecoins were supposed to bypass credit cards, but now Visa is winning crypto card payments

Stablecoins were built on the premise that removing intermediaries between sender and recipient would erode the relevance of legacy payment networks, but the fastest-growing consumer stablecoin product depends entirely on one. Data reported by The Kobeissi Letter shows crypto-card spending reached roughly $600 million per month, with $7.2 billion in cumulative on-chain card volume across [ ]