Fiat-backed stablecoins saw their highest active userbase ever in July, growing by 15% from June and 93% from July 2024. This includes incumbents like @Tether_to USDT, @circle USDT, and @PayPal PYUSD.
However, there were still just 55M total users, a far cry from @Visa's 4B+ global users.
Payments are accelerating on blockchain rails, UX is becoming decidedly more 1-click, money is becoming programmable.
Crypto-native cards like @MetaMask, @EtherFi, @payy_link, and @KASTcard continue to gain traction and will onboard millions, globally, to the onchain economy.
We are still very early.
h/t @AlliumLabs
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