Stablecoins Surge Past $1B in Crypto Card Spending

Crypto card spending has more than tripled over the past year, reaching $1.04 billion in July alone, according to Paymentscan data.

This surge is largely driven by dollar-backed stablecoins, which accounted for around 70% of transaction volume.

The most popular stablecoin used was USDC, representing approximately half of tracked volume, followed closely by Tether's USDT, which saw its share increase from roughly 7% to 20.3% over the past year.

This growth is significant because crypto cards allow consumers to fund purchases using stablecoins or other digital assets while transactions continue through established card infrastructure.