Stablecoin Debit-Card Spending Grows 100% as Rain Eyes Double-Digit Latin America Market Share

Stablecoin debit cards allow cardholders to pay with crypto assets while transactions are processed through established payment networks such as Mastercard. Unlike traditional finance, where settlement can be delayed on weekends and holidays, stablecoins can accelerate the movement of funds and give issuers greater capital efficiency and financial flexibility. They have therefore become an important tool for crypto payment providers seeking a foothold in the retail market.

Crypto payments provider Rain said stablecoin debit-card retail spending is currently growing by more than 100% year on year and expects its market share in Latin America to reach double digits. Rain said instant or faster stablecoin settlement can reduce holiday-related settlement delays. The report, however, did not disclose the cutoff date for the data, the actual transaction value or the target year for the market-share projection.