# Ethereum — X 热门讨论 (2026-10-01 13:08 UTC)
## @ethena (Ethena) · 10-01 11:40 · ♥209 ↻27 💬18 Here's what happened @ethena in September:
• Launched the @EthenaPay beta at the start of the month.
• Partnered with @binance as our first venue for extending the basis trade into equity perpetuals.
• USDe supply grew by over $700 million.
• Standard Chartered initiated research coverage of Ethena, forecasting ~8x USDe growth over the next two years.
• USDe became the second largest collateral asset and the largest dollar collateral asset across all of @Morpho, now backing two of the three largest markets on the protocol.
• USDe rewards went live in the dedicated Ethena ecosystem market on @Aave V4 on Ethereum.
• Completed a SOC 2 Type II audit against the Security Trust Services Criteria, receiving a clean opinion from an independent auditor with zero exceptions noted.
• Announced that from the end of the month, there will be zero token incentives and inflation on a go-forward basis related to USDe.
• USDe went live on TRON.
• Binance Wallet enabled USDe rewards.
Onwards. https://x.com/ethena/status/2105623771260543190
## @WorldOfMercek (Mercek) · 10-01 07:01 · ♥207 ↻10 💬52 Stablecoin cards just hit $1.17B in monthly spending, turning digital dollars into a growing payment rail.
Crypto is increasingly using existing card networks to bring stablecoins into everyday spending.
Here’s how stablecoin cards are reshaping digital-dollar payments.
— — —
► Stablecoin cards are entering a new phase
Stablecoins are moving from trading and transfers into everyday spending through existing card networks.
• $1.17B monthly spending in September • ~11M transactions, nearly flat from August • ~$107 average transaction size, up from $86 in July
The growth is increasingly coming from higher-value usage rather than more transactions.
— — —
► Cards bypass crypto’s biggest payment bottleneck
Stablecoin cards use existing payment infrastructure instead of requiring merchants to accept crypto.
Users hold $USDC or $USDT → swipe a card → merchant receives fiat.
• 175M+ @Visa merchant locations • 160+ stablecoin-linked programs
This lets cards scale before crypto-native merchant acceptance becomes widespread.
— — —
► Stablecoin card growth is concentrated among a few issuers
RedotPay has pulled far ahead on volume, giving it a distribution advantage smaller programs have yet to match.
Its lead is significant, but the faster growth at EtherFi, KAST, Karta, and Wirex One shows competition is expanding beneath the leader.
• @RedotPay : The clear volume leader, supported by $6.57B in all-time spending. • @ether_fi : Growing 20.3% as it scales its card program. • @KASTxyz : Up 11.1% as stablecoin spending expands beyond the largest issuer. • @Karta_Personal : Growing 14.4% from a smaller base. • @wirexapp : The fastest-growing major program at 40.1%.
— — —
► Visa dominates the stablecoin card distribution layer
@Visa processed $1.13B in September stablecoin card volume, compared with just $44.5M for @Mastercard.
That gives Visa more than 96% of tracked volume and shows where the real distribution advantage sits.
• Crypto is not replacing card networks • Stablecoins are using existing rails to reach everyday payments
— — —
► Base is now leading the settlement layer
September recorded $788.9M in on-chain stablecoin card volume, with Base taking 27.5% of activity.
• @base : $216.8M • @Optimism : $127M • @solana : $109.3M • @StellarOrg : $69.3M • @Polygon : $50.9M • @ethereum: $49.5M • @Plasma : $38.3M
The chain mix is diversifying, but this reflects settlement infrastructure rather than where users consciously choose to transact.
— — —
Stablecoin cards have solved merchant acceptance by routing digital dollars through existing payment rails.
The next battle is primary-account capture, where stablecoins handle salaries, savings, and recurring payments.
That is where cards move from payment products to financial infrastructure. https://x.com/WorldOfMercek/status/2105553588126667011
## @lookonchain (Lookonchain) · 10-01 07:58 · ♥203 ↻9 💬27 Trader 0xE1Ad withdrew 5,000 $ETH ($13.43M) from #Binance again after 5 months.
https://t.co/HcdlZOFbRn https://t.co/O3SnIVfQ3d https://x.com/lookonchain/status/2105568118705913917