Daily crypto card spending hit $36.82 million on July 20. The record was driven by a KAST points campaign ahead of a Q4 token event, Paymentscan data showed.
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Paymentscan data showed daily crypto card spending hit a record $36.82 million on July 20.
The number was the highest single-day volume ever recorded for the category.
KAST, one of the two dominant programs, accounted for $13.64 million of that total, briefly surpassing RedotPay's $12.8 million.
The lead lasted less than a day. Cumulative volumes over the stretch still leave RedotPay ahead, the data showed.
The record came from a KAST points campaign. Users front-load transactions to farm points ahead of a token generation event planned for the fourth quarter. The incentive program inflates daily volumes. It does not shift the longer-term ranking of the two programs.
KAST rewards spending with points that can be redeemed for the upcoming token. Users load stablecoins and spend to accumulate points.
RedotPay, the larger program by cumulative volume, relies on organic demand without a token incentive.
Daily crypto card usage has tripled over the past year, from roughly $10 million to current levels, Paymentscan data showed. The broader crypto market was relatively flat and trading in fear territory during the period. Card spending volumes rose regardless.
The GENIUS Act became law in July 2025. It gave US stablecoin issuers a federal rulebook for the first time.
Visa runs the payment rails for both KAST and RedotPay, part of a broader stablecoin push by Visa and BlackRock. A stablecoin balance works at any of the roughly 150 million merchants that accept Visa.
Most users of these card programs sit outside the US. They lack access to a US bank account. Stablecoins function as a checking account, and the Visa card provides the spending mechanism. Demand grows regardless of Bitcoin's price direction.
The KAST points campaign runs until the token generation event in the fourth quarter.
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