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recharge

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The cumulative recharge amount of encrypted payment cards has surpassed 10 billion USD for the first time, driven by the growth of stablecoin applications

Paymentscan data shows that the total recharge amount of cryptocurrency payment cards has surpassed $10 billion for the first time, reaching approximately $10.33 billion, an increase of 82% since the beginning of the year and about 250% year-on-year. This data reflects the cumulative recharge scale of cryptocurrency payment cards and related payment projects, rather than the trading volume of cryptocurrency exchanges.Reports indicate that stablecoins are becoming the main driving force behind the popularity of cryptocurrency payment cards. Compared to volatile assets like Bitcoin, stablecoins can complete payment settlements through traditional card networks, lowering the access threshold for merchants and making them more suitable for cross-border payments, remittances, and daily consumption scenarios in high-inflation areas.As payment companies, cryptocurrency exchanges, and asset management institutions continue to improve stablecoin infrastructure, cryptocurrency payment cards are gradually becoming an important gateway connecting digital assets to real-world consumption. However, as the scale of application expands, regulatory agencies will also pay more attention to issues such as consumer protection, sanctions screening, tax reporting, reserve asset transparency, and transaction monitoring.

Gate upgrades the US dollar ecosystem, streamlining the entire process of US dollar recharge, trading, and withdrawal

Gate announces the launch of a new USD ecosystem and upgrades its two major product modules, Gate Pay and Exchange, further integrating USD asset management, capital flow, and digital asset usage scenarios. Currently, this feature is gradually being opened to users. After updating the app to version 8.24.0 or above, users can manage USD assets, recharge USD, trade digital assets, withdraw USD, and transfer funds between accounts within Gate. Through the new USD account, users can hold and manage USD assets and directly use their USD balance to participate in digital asset trading.At the same time, Gate Pay has completed a product design upgrade, optimizing the display of accounts, assets, and capital flow, enhancing the clarity and smoothness of fund management. Both the Gate App and Gate Pay now support USD recharge and withdrawal functions. Users can recharge USD to the platform via SWIFT bank wire transfer and withdraw USD funds to their bank accounts. Meanwhile, users can also directly use their USD balance to purchase cryptocurrencies or sell their held crypto assets with one click to exchange for USD balance, achieving convenient conversion between USD assets and digital assets.This upgrade by Gate aims to integrate USD asset management and digital asset usage processes into the same product system, covering core aspects such as recharge, trading, withdrawal, and fund transfer, providing global users with a more efficient one-stop USD fund service. In the future, Gate will continue to expand the usage scenarios of USD assets and fiat currency service capabilities, continuously providing global users with a more convenient and efficient fund management experience.

Gate launches localized fiat recharge channels in the CIS region to facilitate easy access to crypto assets

Gate officially launches a localized fiat recharge channel for certain countries in the CIS, further strengthening its service capabilities in the regional market. This initiative aims to meet the growing demand for cryptocurrency purchases locally, with the current daily trading volume in the region at approximately $650 million and an active user base reaching millions, significantly increasing the demand for convenient, secure, and compliant recharge methods.The localized recharge channel launched by Gate allows users to use local currency and directly purchase mainstream cryptocurrency assets through familiar payment methods, effectively lowering the barriers to cross-border transactions. In terms of functionality, the platform supports real-time bank transfers, bank cards, and other mainstream local payment channels, effectively avoiding the high fees and delays associated with traditional cross-border transfers, enabling users to complete fund entry at a lower cost.At the same time, this channel provides complete localized support, including interface, customer service, and documentation in the local language, and supports selected mainstream cryptocurrency asset trading, achieving an efficient connection from fiat recharge to asset allocation, further promoting the popularization and development of the regional cryptocurrency market.In the future, Gate will continue to integrate payment infrastructure, enhancing transaction efficiency while improving the stability and reliability of fund circulation, further optimizing the user experience.
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