Stablecoin-Powered Crypto Cards Top $1 Billion Monthly Spend

Crypto cards have reached an all-time high in monthly purchases, exceeding $1.04 billion in July according to analytics firm Paymentscan.

This represents a 16% increase from June and nearly a 200% year-over-year growth.

The surge was largely driven by stablecoins, specifically USDC and USDT, which accounted for over two-thirds of the more than 10 million tracked transactions.

These purchases were primarily for everyday expenses like groceries, gas, and ride-sharing services. The dominance of stablecoins in commerce is becoming increasingly evident.