CRYPTO/STABLECOIN INFRASTRUCTURE: HIDDEN GIANTS MOVING BILLIONS

Summary from the TLDR Crypto newsletter

BVNK processed $16.2 billion in crypto/stablecoin transfer volume in 2025, exceeding Revolut's $14.3 billion despite holding only a 6/10 brand awareness score compared to Revolut's 8.5/10. Visa's crypto card and stablecoin partners including Rain ($1.24B), RedotPay, Reap, and ether.fi Cash combined for $4.9 billion in volume. In crypto infrastructure, volume and visibility often diverge: Blindpay moved $500 million with almost zero public profile, underscoring that the most important payment rails are frequently invisible.