Crypto Partner Program shifting from pilots to commercial activations; Solana SDP expands [developing]
Key Questions
What is the stablecoin supply and volume as of Q1 2026?
Stablecoin supply reached $315 billion in Q1 2026, with total volumes hitting $28 trillion, surpassing Visa and Mastercard figures, and monthly volumes at $1.8 trillion. These metrics highlight the rapid growth in stablecoin usage for payments.
What are Nium's stablecoin cards and their integration?
Nium has launched stablecoin cards live on Mastercard and Visa networks across 190 countries via a single API, potentially supporting 38 million cards per year with transaction values between $200-315 billion. This enables seamless stablecoin payments.
Which blockchains are involved in Mastercard's Crypto Partner Program for APAC in 2026?
Aptos, Polygon (via MA), and Cardano are qualifying for APAC in 2026, alongside Bitget Matrix. The program is shifting from pilots to commercial activations.
What pilots are underway with Ripple, SoFi, TRON, and Convera?
Ripple, SoFi, TRON, and Convera are in pilot phases for stablecoin integrations. These efforts align with broader commercial shifts in crypto partnerships.
What are the figures for Euro stablecoins?
Euro stablecoins have a supply of $1.2 billion and monthly volumes of $10 billion. They represent a growing segment amid regulatory tailwinds.
What is the scale of VC investments and M&A in stablecoins?
VCs have deployed $37 billion in stablecoin-related M&A activities. This funding supports expansion amid rivalries like Square and Wall Street tokenization.
How is Wall Street engaging with tokenization?
Wall Street is advancing $330 billion in tokenization on regulated rails, aligning with DeFi but facing trust challenges. No public volumes are disclosed yet.
What is the status of Solana's SDP and the Crypto Partner Program?
Solana's SDP is expanding, while Mastercard's Crypto Partner Program transitions from pilots to commercial activations. Aptos has partnered with Mastercard to boost on-chain payments.
Stablecoins $315B Q1'26 supply/$28T vols topping V/MA/$1.8T/mo; Nium stablecoin cards live on MC/Visa 190c/single API (38M cards/yr $200-315B); Aptos/Polygon-MA/Cardano APAC qual 2026/Bitget Matrix; Ripple/SoFi/TRON/Convera pilots; Euro SC $1.2B/$10B mo; VCs $37B M&A. Square rivalry; Wall St $330B tokenization regulated rails align; no public vols; regs tailwinds.