Key Highlights
- Monthly crypto card transactions surpassed $1.04 billion in July, representing a year-over-year increase of more than 300%
- Stablecoins USDC and USDT powered over 70% of the 10 million-plus transactions monitored
- Mean transaction value climbed to $86, a notable jump from $59 recorded twelve months prior
- Three platforms—RedotPay, EtherFi, and KAST—generated approximately 77% of total measured activity
- Strong uptake in Latin American markets, with grocery shopping and food purchases leading spend categories
Monthly spending through cryptocurrency-linked payment cards exceeded the $1 billion threshold in July, marking a significant milestone as stablecoins increasingly underpin routine consumer transactions. According to Paymentscan data highlighted by venture firm a16z, transaction volume for the month reached $1.04 billion, demonstrating substantial growth from comparable figures recorded the previous year.
Stablecoins pegged to the U.S. dollar dominated transaction flows. USDC represented 50.8% of July’s total volume, while USDT contributed an additional 20.3%. Combined, these two assets facilitated more than seven out of every ten transactions among the 10 million-plus payments tracked during the month.
Individual purchase amounts have expanded as well. The typical transaction processed in July averaged approximately $86, compared to $59 for the same period one year earlier. Monthly volume stood at $306 million in July 2025, based on identical tracking metrics.
Platform concentration remains notable within this emerging sector. RedotPay processed $395.1 million of July’s aggregate total. EtherFi ranked second with $100.3 million, while KAST contributed $89.6 million. These three services collectively accounted for approximately 77% of monitored transaction volume.
Visa announced in June that over 160 card programs utilizing stablecoin funding were either operational or under development across global markets. StraitsX, operating as a Visa partner, reported a 40-fold multiplication in transaction volume on its card infrastructure between Q4 2024 and Q4 2025.
Routine Consumer Purchases Propel Adoption
Transaction category data reveals a pronounced movement toward standard, everyday expenditures. Binance disclosed that its Brazilian card user base expanded 53% from program launch through Q2 2026, while transaction volume increased 80%. Primary spending categories encompassed ride-sharing services, food delivery platforms, supermarket purchases, dining establishments, and digital subscription services.
Kraken indicated its Krak Card experienced weekly payment frequency that more than doubled year-over-year, reaching 8.3 transactions per user. Retail and brick-and-mortar store purchases represented 59.3% of card spending.
Oobit data showed active Brazilian users averaging approximately $400 in monthly spending distributed across 20 separate transactions. Grocery store purchases comprised 35% of regional transaction activity. In Argentina, food-related spending constituted 41% of all transactions, with USDT funding 72% of these payments.
Emerging Markets Show Accelerated Adoption Rates
StraitsX documented gross transaction value growth of roughly 600% in lower-GDP economies between March 2025 and February 2026. Markets with higher GDP levels experienced 150% expansion during the identical timeframe. Food and retail emerged as dominant spending categories across both economic segments.
Coinbase reported that approximately 16% of aggregate card transaction volume utilized USDC. Active subscribers to Coinbase One spent roughly $3,000 monthly across USDC, alternative cryptocurrencies, and traditional bank transfers. The platform maintains $20 billion in USDC holdings across its service offerings, representing a 44% annual increase.
RedotPay’s customer base expanded by more than 33% during a six-month period, surpassing 8 million registered users. The euro-backed EURe stablecoin, which previously commanded 88% of monitored card spending in early 2024, declined to under 2% of volume by July.
Cryptocurrency payment cards function by executing real-time conversions of stablecoin holdings during checkout, ensuring merchants receive settlement in local fiat currency. This architecture positions stablecoins as a funding mechanism for established card networks rather than a replacement infrastructure.
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