BREAKING: Cumulative crypto card payment volumes have reached a record $7.8 billion, with monthly volumes now up +230% since May 2025. Crypto card adoption has rapidly accelerated in 2026 due to growing access to stablecoins as a payment rail through crypto cards. In other words, more people can now spend stablecoins like fiat by using crypto cards, further driving adoption. The growth comes amid the launch of Jupiter Global, which has seen a +648% surge in spending volume over the last 2 months. Visa is capturing ~90% of onchain card transactions via crypto-native infrastructure partnerships like Jupiter Global. Crypto cards are the ultimate use case for stablecoins.

Hong Kong finalizes crypto advisor and asset manager licensing Hong Kong's SFC and Treasury Bureau published consultation conclusions Tuesday, finalizing the licensing framework for virtual asset advisors and asset managers. Advisory activities map to Type 4 (securities advice), management to Type 9 (asset management) under the existing securities ordinance. Both regimes sit under the same AML umbrella that already covers virtual asset dealing and custody. Legislative proposals head to the Legislative Council later this year. This completes the four-pillar architecture: exchanges, custody, dealers, and now advisors and managers. SFC CEO Julia Leung framed it as solidifying Hong Kong's hub status.

Circle CEO：稳定币可以不能付息但要有替代奖励机制 Circle CEO Jeremy Allaire @jerallaire 于 2026 年 3 月 20 日接受 WSJ Events 播客采访表示，GENIUS 法案已经明确禁止稳定币发行方直接向用户支付利息，真正的争议在于分发方和产品服务方能否提供奖励机制。 他认为，随着稳定币和数字货币进入互联网软件架构，传统金融不会因此消失，但会迎来像曾经互联网时代的激烈但公平的竞争。 来源： WSJEvents

Japan is going all-in on stablecoins right now. Just days ago, Japan’s FSA finalized new rules clarifying the legal status of foreign trust-based stablecoins, creating a clear pathway for them to operate in Japan as Electronic Payment Instruments effective June 1. This builds on the LDP’s push for a national AI and blockchain financial system with strong support for yen stablecoins and tokenized deposits. And right on cue LINE, one of Asia’s biggest super-apps with 200 million monthly active users across Japan, Taiwan, Thailand & Indonesia, rolled out official JPYC, a yen-pegged stablecoin, support in its Unifi wallet on May 22 for real payments, transfers & rewards. But what most don’t realize is that there’s a little-known blockchain quietly powering the efficient settlement behind LINE’s Unifi rollout and broader Asia expansion. It’s Kaia. Just 2 days after launch, JPYC circulation on Kaia already surpassed ¥100 million. Not only that, South Korea’s largest bank, KB Kookmin piloted KRW stablecoin for offline QR payments and global remittances on Kaia. It also already has native USDT and plans for multiple Asian currency stables with Unifi. $KAIA seems like it’s quietly shaping up to be a sleeping giant for the Asian stablecoin sector. One to monitor closely as the Asian stablecoin market grows and gets clear regulations.