The push for using cryptocurrency in everyday purchases is gaining momentum, led by projects enabling direct stablecoin payments. The total stablecoin market has grown to over $307 billion, with strong user adoption fueling this trend. Industry figures argue this shift moves blockchain beyond back-end finance, though widespread consumer use remains uncertain.
Projects are emerging that allow users to spend crypto directly at point-of-sale terminals. The concept lets users keep funds on-chain until payment, functioning like a regular card transaction to reduce reliance on fiat conversions and third-party off-ramps.
Ritesh Kakkaad, co-founder of the XDC Network, framed this as part of a broader transition toward daily utility. “The real opportunity is when blockchain moves beyond powering finance behind the scenes…” he stated.
OrbitX CEO Ankitt Guar echoed this vision in an official statement. “By keeping users in control of their assets while connecting to global payment networks, we aim to reduce the friction between on-chain value and real-world spending,” he said.
The stablecoin market provides a critical foundation for these payment use cases. Its total market capitalization is holding above $307 billion, demonstrating steady growth over the past year.
This liquidity and familiarity are key for payment adoption. User behavior trends appear robust, according to a recent BVNK research report.
That report found 56% of stablecoin users plan to acquire more in the next 12 months, while over half increased their holdings in the past year. Among freelancers and sellers receiving payments in stablecoins, about 35% of their average income comes through these assets.
By eliminating fiat conversions, direct stablecoin spending underscores an evolution from speculation to utility. Whether such integrations achieve meaningful adoption, however, remains an open question.
