The Daily Brief · Thursday, September 17, 2026
$670.8M
moved through the stablecoin economy in the last 24 hours — 93¢ of every dollar through P2P, the rest on crypto cards. Read like a morning paper, updated continuously from onchain data.
Today's discoveries
What changed in the last 24 hours.
Card spend hits a 47-day high
Stablecoin card volume is running hotter than any day in the last 7 weeks.
RedotPay controls 51% of the card market
RedotPay now moves two of every five dollars spent on stablecoin cards.
EtherFi is the fastest-growing program
EtherFi posted the steepest month-over-month gain across tracked card programs.
🇺🇸 USD leads P2P movement today
🇺🇸 USD is the single most active fiat corridor by peer-to-peer volume right now.
74% of card volume sits with 3 programs
Market concentration is climbing — three issuers now carry the majority of card spend.
Proprietary intelligence
OpenRate Indexes™.
Composite scores computed from the same live data above.
Composite pace of the whole stablecoin-payment economy, month over month.
How much of card volume the top 3 programs control — RedotPay alone is 51%.
Reach across fiat corridors and active card programs worldwide.
Share of programs with genuine daily spend — not just listed, actually used.
Composition
How the money moves.
of every dollar still moves peer-to-peer.
The long game
Movement by month.
Total stablecoin movement · monthly (P2P + cards)
P2P monthly volume is reconstructed — anchored to current visible liquidity and grown at the stablecoin sector's ~133% CAGR (Chainalysis). Live per-day history begins building now.
Live
Moving right now.
OpenRate Movement
The whole stablecoin economy, read like a morning paper.
$670.8M moved in the last 24 hours across 116 fiat corridors and 23 card programs — measured continuously from onchain data.