Crypto Card Spending Hits $1 Billion as Stablecoins Fund Everyday Purchases

TLDR

• Crypto card spending reached $1.04 billion in July, more than tripling year over year
• USDC and USDT funded over 70% of more than 10 million tracked transactions
• Average transaction size rose to $86, up from $59 a year earlier
• RedotPay, EtherFi, and KAST accounted for about 77% of tracked volume
• Latin America is seeing strong adoption, with groceries and food as top spending categories

Crypto card spending topped $1 billion in July, with stablecoins now funding the majority of everyday purchases made through these cards. Data from Paymentscan, cited by venture capital firm a16z, shows monthly volume reached $1.04 billion, up from much lower levels a year ago.

JUST IN: Crypto card spending hits $1B in July 2026, with stablecoins powering 70%+ of everyday buys​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​. pic.twitter.com/CTi14kBOUF

- Whale Insider (@WhaleInsider) August 23, 2026

Dollar-backed stablecoins drove most of that activity. USDC accounted for 50.8% of July volume, while USDT made up another 20.3%. Together, they funded more than 70% of the over 10 million tracked transactions for the month.

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