Payment counts exceeded 1 billion, indicating more activity from the existing supply.
Stablecoin-linked card spending reached $3. 9 billion through September, roughly 10 times the level a year earlier. Purchases under $50 accounted for 84% of the increase in card transactions.
Mastercard and BVNK launched a platform combining fiat and stablecoin accounts, conversions, linked cards and local bank payouts through one API. Nuvei and Marqeta are among the first integrators, while card issuance is available in more than 130 countries. Coverage is expected to expand to more than 40 currencies across more than 200 countries and territories in 2027.
The platform also connects stablecoin balances with Mastercard Move, which reaches more than 17 billion endpoints. Stripe and Plasma are developing cards that support dollar, euro, Brazilian real, Mexican peso and Colombian peso balances alongside eligible stablecoins. The expanded card infrastructure covers more than 30 countries, with plans to exceed 100.
Visa said Inyo Global became the first provider to use its stablecoin prefunding service commercially. The service allows payment firms to use Circle’s USDC for near-real-time cross-border payouts while recipients continue receiving funds through conventional channels. Visa also reported that business and commercial programs accounted for about 17% of its stablecoin-linked card volume in fiscal 2026 through the reporting period.
The figures and product launches show stablecoin activity expanding through repeated payments and connections to established accounts, cards and payout systems, even as the underlying token supply remains broadly flat.