Stablecoin is becoming more and more like regular money and is no longer just a market for trading cryptocurrency. An analysis by a16z indicates that cryptocurrency payment cards have reached monthly purchases totaling over $750 million. 

For its part, in the past, users would first sell their stablecoins on an exchange before taking out cash to deposit into a bank account.

However, now through a crypto card, a user can spend stablecoins, and the payment system will automatically convert them into the local currency of the merchant. Businesses can now accept standard fiat payments without having to accept cryptocurrency directly. 

What does this mean for the stablecoin market?

Remarking on the same, a16z…