Crypto card spending up 500% to $606M in March, USDT-led on TRON

Crypto card spending surged 500% in March to $606M, led by USDT payments on the TRON (TRX) network, according to PaymentScan. Visa processed about 90% of all crypto card transactions, reinforcing its role as the dominant card rail. At the network level, TRON captured 35% of crypto card spending, while BNB Chain took 15%; the remainder was spread across smaller networks. Regionally, Southeast Asia accounted for 60% of global volume. The article highlights why USDT on TRON is winning: in Q1 2026, around $2T in USDT transfers moved over TRON, and USDT represented 98.6% of all circulating stablecoins on the network. TRON’s 3-second block time and low fees are cited as key enablers for fast, low-cost payments. Visa’s influence is expanding via its Bridge stablecoin card program to new regions in 2026. Competition is also intensifying: a Solana (SOL)-based Jupiter Global Visa card reportedly saw monthly users jump 660% in April with 4%–10% category cashback, while Pengu Card supports USDC and USDT across ~150M locations. Analysts expect stablecoin cards with Apple Pay and Android Tap to reach 10M users before most merchants accept stablecoins directly. For traders, the main takeaway is that crypto card spending is accelerating and concentrating on TRON. That supports the market narrative for USDT liquidity usage and ongoing TRX ecosystem demand—shifting stablecoins further from on-chain rails toward consumer payments.