Open Rate

Tracking how stablecoins move, convert and get spent

Data & intelligence for stablecoin economy

[Open Rate @OpenRatelive]

Biggest crypto card swipe of the day on @ether_fi

Spent : $22,929 usd

Cashback $668 usd

Fees : $229 usd

Real transaction or farming?

[Bmoney @strato_money]

90% of neobanks will die

Many crypto cards will too

After my last post, a lot of people debated profitability

But revenue per employee might be the most underrated metric in the industry

Anything surprise you?

[Bmoney @strato_money]

90% of the Neobanks will die, same with Crypto cards

Below is an approx profitability of crypto cards

Industry fees - 1.5% per tx

Only @redotpay is profitable, everyone else is underwater

Just like @0xVishnya & @Octop3s said, most cards will go extinct

[Bmoney @strato_money]

Top 10 crypto cards by revenue + their valuation

Notice anything interesting here?

[Bmoney @strato_money]

https://t.co/qrEv7tVIp9

[Open Rate @OpenRatelive]

@strato_money @RedotPay @KASTxyz @Plasma 🙏🙏

[Bmoney @strato_money]

One data point surprised me

51% of users are still experimenting with crypto cards

The cashback war hasn't even started

The winners won't be the companies that acquire the most users
They'll be the ones that give users a reason to stay

Must read

https://t.co/aejpjhWPon

[Bmoney @strato_money]

https://t.co/MXBpBFcPCW

[Bmoney @strato_money]

Most people are not ready for what's coming

Stablecoin spending reached its peak $22.3B vol in May

with MOM growth at 9%

+$2B in a single month
+9% MoM growth

If you're working in stablecoins, cheers to you

This will change how the world works

[Open Rate @OpenRatelive]

Check out our whale watch page on Openrate

https://t.co/VgGGTf8yGs

[Open Rate @OpenRatelive]

Biggest crypto card swipe of the day on @ether_fi

Spent : $22,929 usd

Cashback $668 usd

Fees : $229 usd

Real transaction or farming?

[Bmoney @strato_money]

I tracked 134,000 wallets & card users on chain movement

Interesting facts

9% (whales & businesses) drive 68% of volume

27% are everyday spenders, mostly $50/day on coffee & food

You can check it on OpenRate

Adding more interesting data soon

[Bmoney @strato_money]

1/ Over the last few months,

I've been building OpenRate @OpenRatelive

A platform that tracks how stablecoins move through P2P markets, cards, neobanks, & other real-world payment rails.

I couldn't find the data I was looking for, so I built it

Link below, go check it out

[Open Rate @OpenRatelive]

@strato_money 1000

[Bmoney @strato_money]

How many crypto card, neobanks companies exist in the market right now?

Lets include the upcoming ones as well

Take a wild guess

Asking for a friend

[Bmoney @strato_money]

Spent a lot of time to do a deep research on @Plasma

Can Plasma One survive its own rewards?

Cashback gets attention
XPL locks create retention

But if users farm rewards and dump $XPL, the whole thing becomes an expensive marketing campaign

Real business or launch hype?

[Bmoney @strato_money]

https://t.co/ew9iz2JHT0

[Bmoney @strato_money]

I am creating a list of all the companies that exist, or will
exist, in the stablecoin market

Link in comments👇

[Bmoney @strato_money]

https://t.co/D9TJaV5J8V

[Bmoney @strato_money]

Ready @ready_co just showed the real risk in crypto cards

Reportedly, cards outside the Eurozone were disabled within hours after a change in their card-issuing provider

That is the point:

Your wallet can be self-custodial

Your spending access still isn’t

[Bmoney @strato_money]

https://t.co/DvBJ6ULXCh