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Interesting data: The market size of Crypto Cards is expanding rapidly. According to Artemis research data, trading volume has skyrocketed from an average of $100 million per month to over $1.5 billion, which annualizes to nearly $18 billion — this scale is already close to the size of stablecoin P2P transactions. More notably, Visa holds an absolute dominance with over 90% of on-chain transaction volume. Full-stack card issuers are reshaping the entire payment stack, which means the power dynamics of payment infrastructure may be quietly shifting.