Stablecoin Card Spending Surges Past $1 Billion

The July 2026 data shows that consumers are increasingly using stablecoin-backed cards for everyday purchases, such as groceries. The total crypto card spending tripled to $1.04 billion in July 2026, with dollar-backed stablecoins driving 70% of over 10 million tracked transactions.

USDC accounted for 50% of the volume, while USDT made up 20.3%. This shift towards stablecoin payments is being driven by consumer behavior, with employees and contractors who already spend stablecoins personally expecting business platforms to support the same flows.

For businesses, this means that they can now reasonably treat stablecoin-denominated balances as working capital, not speculative exposure. The real measure of crypto's progress, according to Thomas Gregory, a vice president quoted in the PYMNTS report, is not simply how many people own digital assets but how useful those assets become in everyday life.