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Stablecoin cards are booming, but who makes money when you swipe?

Someone paying for lunch with a stablecoin card doesn't need the restaurant to know what USDC is. The card works like any other at the terminal, with the customer's digital dollar balance funding the purchase while the m...

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Stablecoin cards are booming, but who makes money when you swipe?

Someone paying for lunch with a stablecoin card doesn't need the restaurant to know what USDC is. The card works like any other at the terminal, with the customer's digital dollar balance funding the purchase while the merchant receives regular dollars through its usual payment provider. That leaves several companies to collect fees for connecting…

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Why this matters

USD Coin is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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