Is crypto money quietly leaving trading and moving into everyday payments?
Mastercard is expanding stablecoin settlement using USDC, PYUSD, and RLUSD, building on its roughly $1.8B deal to acquire infrastructure firm BVNK earlier this year. Total stablecoin supply is now closing in on $300B, and issuers are pushing further into merchant and cross-border payment rails instead of just exchange trading.
Signal: bullish.
Stablecoins moving into payments rather than staying inside exchanges points to real, sticky demand.
Line to watch: merchant and settlement volume.
Continued growth here would confirm payments, not trading, are becoming the main use case.
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