Crypto Card Spending Hits $1.04 Billion as Stablecoins Gain Mainstream Traction

Crypto card spending has reached $1.04 billion in July, more than tripling over the past year, according to Paymentscan data cited by venture capital firm a16z.

The growth is largely driven by dollar-backed stablecoins, with USDC accounting for 50.8% of July volume and USDT another 20.3%, compared with roughly 48% and 7%, respectively, a year earlier.

The average payment rose to about $86 per transaction, up from $59 year over year, while monthly volume increased to $306 million in July 2025.

Thomas Gregory, VP of Payments and Fiat at Binance, said that stablecoin-funded cards are becoming more deeply embedded in everyday life, giving users greater flexibility in how they spend, move, and access their money.