01 Stablecoin card analytics
Track stablecoin card activity by program, provider, chain, currency, and network. Read research on onchain neobanks, payments, and FX.
01 Featured research
Etherfi Cash crossed $1B in card spend without owning the dollars its users spend or the rails that fund them. In October, it struck three deals in under three weeks to change that. Here is what each…
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Following our pieces on Ethena Pay, Whitelabel and core USDe supply, we look at Earn+, the 12% vault that Ethena Pay just launched.
Ethena's fee switch turns USDe revenue into ENA buybacks, but only once USDe supply crosses $7.5B. At $4.61B today, the core USDe book buys nothing yet. We size what it could buy at each supply…
In this article, you will see why Ethena Whitelabel matters to ENA more through the USDe backing in a partner’s reserves than through the fee Ethena charges.
Standard Chartered gave ENA a $2 target and Ethena Pay a single paragraph. We used Glasscade data to work out what Pay could actually add to that number, from bear case to bull, and why USDe's…
A breakdown of Plasma One's growth: where the volume came from, why a returning-user base is forming while the chain around it drains, and the specific metrics that decide whether it lasts.
02 Research + analytics
Research explains what is changing. Analytics organizes the evidence into comparable market and company intelligence.
How Glasscade worksAccount products for balances, transfers, savings, cards, and exchange on blockchain rails.
Stablecoin flows across card programs, merchants, payouts, funding, and settlement.
Currency exchange and cross-border routes across providers, assets, venues, and networks.
Ether.fi Cash
Gnosis Pay
KAST
MetaMask Card
Plasma One
Tria
Bitget Wallet
Avici
Kolo
Solflare
BFinance Pay
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