Global cryptocurrency-focused payment card spending reached approximately $759 million in July [1].
The surge indicates a shift in how digital assets are used for daily commerce, moving away from speculative holding toward active consumer spending.
Spending in July was about 2.5 times the amount recorded during the same month a year earlier [1]. In July of the previous year, spending stood at $306 million [3]. This growth was supported by nearly nine million individual crypto-card purchases throughout the month [4].
Stablecoins provided the primary funding for these transactions, accounting for 84% of the total card spend [7]. This trend highlights a preference for assets with stable values over volatile cryptocurrencies when making retail purchases.
Among the stablecoins used, USDC held the largest share of volume at 58% [5]. USDT followed as the second most used asset, accounting for 26% of the volume [6].
While most reports align on the growth trajectory, some data varies regarding the total volume. Yahoo Finance reported the July total at $759 million [1], while other reports suggested the figure exceeded $1 billion [10].
The increase in transaction volume suggests that the infrastructure for crypto-to-fiat spending is becoming more integrated into global payment networks. Users are increasingly utilizing cards to bridge the gap between digital wallets and traditional merchants.
“Crypto-card spending reached approximately $759 million in July.”
The dominance of USDC and USDT in these transactions suggests that users view stablecoins as a practical medium of exchange rather than just a hedge. By utilizing dollar-backed assets, consumers can avoid the price volatility associated with Bitcoin or Ethereum while still leveraging blockchain-based financial tools for real-world purchases.
