July encryption card consumption more than doubled to $1.04 billion per year

The data show that in July the consumption of encryption cards increased more than twice the same amount, to $1.04 billion, and that about 70 per cent of the more than 10 million transactions were paid in United States dollar-supported stable currency, of which USDC accounted for 50.8 per cent and USDT for 20.3 per cent. Monthly transactions rose to $306 million and the average single payment increased from $59 to approximately $86. User consumption scenes have been extended to daily expenses such as groceries, mesh cars, food distribution, catering and online subscriptions. In June, Visa disclosed that there were more than 160 stable currency associated card projects online or under development worldwide. The data show that Redotpay, Etherfi and Kast together account for approximately 77 per cent of the total tracking, of which Redotpay still has a more concentrated market, with $395.1 million in July, $100.3 million in Etherfi and $89.6 million in Kast。