July Crypto Card Spending Surges to Over $1 Billion

Crypto card spending has seen significant growth in July, according to recent data. The total value of transactions reached $1.04 billion, more than tripling year-over-year.

This surge in spending is largely attributed to the use of stablecoins, which powered over 70% of the approximately 10 million transactions processed during this period.

The fact that crypto is being actively spent rather than just held suggests a growing adoption and acceptance of digital assets as a form of payment.