Crypto cards processed a record $758.8 million in July

Crypto cards processed a record $758.8 million in July 2026. This is the largest monthly volume since Paymentscan began tracking in October 2023. For USDC and USDT holders, this is no longer a minor story.

The figure rose by about 2.5 times over the year. Users also made nearly 9 million purchases, while the average ticket was about $86. The main payment assets were USDC and USDT. These are now driving most card spending.

Why does this matter for stablecoin holders?

The meaning here is simple. Stablecoins are moving beyond trading.

They are increasingly being used for everyday purchases through card infrastructure. In other words, digital dollars can now be spent wherever the merchant sees a regular card payment. This is convenient for those who hold USDC or USDT not only for transfers, but also for daily expenses.

Against this backdrop, it is also useful to look at the broader market. According to DefiLlama, the total stablecoin market capitalization exceeds $300.38 billion. It is this liquidity cushion that is fueling new payment products. And one more point: when volume in this niche grows, demand for fast conversion into fiat usually rises as well.

Market reaction

The largest volumes in July came from RedotPay, EtherFi and KAST. RedotPay processed $395.1 million, EtherFi — $100.3 million, and KAST — $89.6 million. They were followed by Karta with $58.39 million and Wirex One with $24.98 million.

The payment mix also changed. At the beginning of 2024, about 88% of transactions went through the euro stablecoin EURe. In July, its share fell to about 2%. Meanwhile, USDC accounted for about 58% of spending, and USDT — 26%.

“The growth in the number of purchases through crypto cards is moving almost in step with the growth in spending volume,” a16z crypto said on August 8, 2026.

There is also an important nuance. Paymentscan itself warns that for some cards, the data may reflect not only purchases, but also top-up or settlement operations. So the figures should be read as a strong trend indicator, not as perfectly clean statistics. But the direction is still clear.

• $758.8 million was processed through crypto cards in July.

• This is the highest level since October 2023.

• The number of purchases reached nearly 9 million.

• The average ticket was about $86.

• USDC accounted for about 58% of spending.

• USDT accounted for about 26% of spending.

What does this mean for investors?

For the market, this is a signal not of hype, but of habit. People are starting to see stablecoins as a convenient payment tool, not just as a place to park money between trades.

This is also clearly visible in the networks. In July, Optimism led with a share of about 29%, Solana — 19% and Base — 19%. Gnosis’s share fell to about 2%. So the infrastructure for such payments is no longer relying on a single chain.

There is also an external backdrop. Visa reported more than 130 stablecoin-linked card programs in 50+ countries, and in 2025 they processed about $5.2 billion. That is still only 0.04% of Visa’s global volume of $14.2 trillion. In other words, the market is small, but growing very quickly. For Ukrainian users, the practical takeaway is simple: if stablecoins are already being used in everyday spending, then demand for fast conversion into hryvnia is also rising.

One more detail is worth noting. When the average ticket stays at $86, it looks less like large transfers and more like ordinary everyday purchases. That is where mass adoption begins.

Frequently asked questions

Why did crypto cards set a record in July?

Because $758.8 million was processed through them, and the number of purchases approached 9 million. The main driver here is simple: USDC and USDT became the basis for everyday payments.

Which stablecoin was used most often?

In July, USDC led with a share of about 58% of spending. USDT was second at about 26%. A year earlier, their shares were lower, especially USDT, which was around 7%.

Does this mean crypto cards are already competing with bank cards?

Not yet. Even $758.8 million a month is very small compared with the trillions of dollars in traditional networks. But the trend is clear: stablecoins are entering everyday payments faster than many expected.

The July record showed the main thing: crypto cards no longer look like a niche toy. They are a working way to spend digital dollars. Those who want to quickly sell USDT TRC20 for hryvnia to a card can do so without unnecessary complications.

This material is not financial advice. Cryptocurrency trading involves significant risks. Part of this text was prepared with the help of artificial intelligence based on public sources and reviewed by our editorial team.