pamie.

deep in the stablecoin rabbit hole | finding what’s actually worth using

[pamie. @pamiewenn]

@xKseilas kinda wild how fast this is becoming normal usage

[pamie. @pamiewenn]

@Nikitont @KASTxyz @Plasma @ether_fi @wirexapp @coca_card @payy_link @BleapApp @1inch @solflare @holyheld conversion timing probably matters here too

[pamie. @pamiewenn]

@0xVishnya 4 record months in a row is kinda wild

[pamie. @pamiewenn]

@lechriss17 @EthenaPay keep it like this imo, much easier to skim

[pamie. @pamiewenn]

CRYPTO CARD USAGE BOARD — AUGUST 2026

$1.115B ran through tracked crypto cards in August, the second straight month above $1B.

@RedotPay still held 36.2% of tracked spend, while @KASTxyz, @wirexapp and @ether_fi all gained share.

KAST crossed $100M. Wirex One grew 39.9%. Etherfi led both active addresses and spend per active.

Who do you think will gain the most share in September?

[pamie. @pamiewenn]

bro found the bart formation

[pamie. @pamiewenn]

@0xDani 4% on a free tier is pretty aggressive

[pamie. @pamiewenn]

@Nikitont @ether_fi ngl this kinda sells me on it for travel

[pamie. @pamiewenn]

@Nikitont @ether_fi pretty solid all-rounder

[pamie. @pamiewenn]

@lechriss17 @MEXC KAST for flexibility, MEXC if you already live on the CEX

[pamie. @pamiewenn]

@0xDani more txs, not just more volume. that’s probably the stronger adoption signal here

[pamie. @pamiewenn]

@Usoppu diversify enough to sleep at night, ape enough to still care

[pamie. @pamiewenn]

The recent Rain card-contract incident made one crypto card question a lot harder to ignore:

Where is your money before you tap?

Avici and Tria both said their self-custodial wallets were untouched. The affected funds were card balances users had already moved into separate Solana card contracts.

That got me looking at how other crypto cards handle the same boundary. The setups are pretty different.

@MetaMask Card
Your assets stay in your MetaMask account until you spend. The card gets permission to use selected tokens within a spending limit you set.

@gnosispay
You fund your own Gnosis Pay Safe for spending, but that Safe remains self-custodial.

CL Card × @Ledger
You prefund a separate CL Card account from your Ledger Wallet. Once those funds move into the card account, they’re no longer under self-custody.

Same tap at the merchant, three very different meanings of “card balance”:

MetaMask: Wallet → Permission → Spend
Gnosis Pay: Your Safe → Spend
CL Card: Ledger Wallet → CL Card account → Spend

Before using any crypto card, it’s worth knowing exactly where self-custody ends.

Wallet permission, your own Safe, or a prefunded card account — which setup would you rather use?

[pamie. @pamiewenn]

@strato_money everyone checks cashback. barely anyone checks who eats the loss

[pamie. @pamiewenn]

@avici credit where it’s due

[pamie. @pamiewenn]

@strato_money @avici exactly. perks are easy to copy. trust isn’t

[inno @inno_sol]

latest updates on the @avici exploit ⬇️

> @raincards, the infra powering majority of neobanks, rumored to be the cause of the hack

> exploiter bridged out $1M USDC from Solana to ETH through deBridge, and laundered using TornadoCash

> users from @useTria and @Solayer_Pay getting funds drained as well

> other neobanks are affected as well (full list at bottom of tweet)

> @circle had over 2 hours to freeze the funds but did NOT act... once again

list of rain powered neobanks:

etherfi Cash, Avalanche Card, Plasma One, Tangem Pay, Avici, KAST, Offramp, Currency, Dakota, Solayer Pay, Nuvei, Cadana, Wallbit, Takenos, Western Union Stablecard, Wyoming FRNT, Uniswap, Tria, XPlace, Oobit, Exa Card, Lava Card, Tuyo Card...

please withdraw your funds from neobanks ASAP.

[pamie. @pamiewenn]

@zaheerebtikar @Plasma what’s been the biggest driver of sign-ups so far?

[pamie. @pamiewenn]

@DRbitcoin36 这题不是选老公 是选赛道

[pamie. @pamiewenn]

Build N Build 💛

BNB Chain x Mastercard is a pretty big one for crypto payments.

Crypto rails getting wired straight into the existing payment stack.

[CoinDesk @CoinDesk]

NEW: @BNBChain joins @Mastercard's Crypto Partner Program, connecting its blockchain with Mastercard's payments infrastructure for stablecoin payments, cross-border remittances and digital asset on/off ramps.