Stablecoins Soar as Crypto Payment Cards Reach $759 Million in Monthly Transactions
Crypto payment cards have become a significant driver for stablecoin adoption, with monthly transaction volumes reaching $759 million in July 2026. This represents a 2.5x increase from $306 million a year earlier and a sharp rise from less than $1 million when tracking began in October 2023.
The majority of these transactions, nearly 58%, were processed through USDC, while USDT handled 26%. This marks a significant shift from early 2024, when euro-backed stablecoins like EURe controlled 88% of the market. Today, EURe's share has dwindled to just 2%.
The rise of USDC aligns with broader trends in the stablecoin market, where its stability and integration into payment card programs have made it a preferred choice for global transactions. Visa is leading the charge, operating over 130 stablecoin-linked card programs across 50+ countries, a number expected to double by the end of 2026.
The growth trajectory of crypto card spending is clear: while $759 million in monthly volume pales in comparison to traditional networks, stablecoins are becoming increasingly important for real-world transactions. The ability to spend stablecoins seamlessly through crypto cards lowers barriers to entry for unbanked populations and facilitates dollar access in regions with volatile local currencies.