Crypto card spending hit a record $759M in July, more than double last year, as stablecoin use in everyday payments grows. Visa stablecoin volume rose 319%.
Crypto payment cards processed $759 million in spending during July 2026, the highest monthly total since Paymentscan began tracking in October 2023. The figure more than doubled the $306 million recorded a year earlier, according to a16z crypto’s report based on Paymentscan data.
Nearly 9 million crypto card purchases were completed in July, up from about 5.2 million in July 2025. The average transaction measured roughly $86, indicating activity spread across everyday purchases rather than large one-off transfers, the report said.
RedotPay remained the largest program tracked by Paymentscan, generating $395.1 million in July volume, up from $266.4 million a year earlier. EtherFi added $100.3 million. KAST contributed about $89.6 million. Those three programs accounted for roughly 77% of the $759 million total.
The dataset uses different reporting methods. Paymentscan primarily tracks blockchain transactions. Some figures come from issuers using off-chain reporting. RedotPay’s data is self-reported. Some card structures rely on batched settlements or account top-ups that may not directly match merchant spending.
The network mix shifted sharply. Gnosis handled most tracked activity in early 2024. Its share fell to about 2% by July 2026. Optimism led with roughly 29% of spending, while Solana and Base each represented about 19%. Activity spread across several blockchains.
The currency mix tilted heavily toward dollar-backed stablecoins. USDC accounted for about 58% of July spending, and USDT represented another 26%. By comparison, euro-backed EURe controlled roughly 88% of tracked spending in early 2024. Its share fell to about 2% by July 2026. Digital dollars now dominate crypto card payments.
Most users spend digital dollars, while merchants receive conventional local currency through existing payment rails. The model connects blockchain balances to standard checkout systems without requiring merchants to accept crypto directly.
Visa reported about $5.2 billion in stablecoin-linked card volume during 2025, up 319% year over year. The company supports more than 130 stablecoin-linked programs across over 50 countries. Visa expects the number of supported programs to roughly double during 2026. Its partnership with Stripe-owned Bridge aims to make stablecoin-linked cards available in more than 100 countries by year-end.
The segment remains tiny relative to global payments. Visa processed about $14.2 trillion in total payment volume during 2025. The $5.2 billion in stablecoin-linked card activity represented roughly 0.04% of that total. July’s $759 million record places blockchain-funded cards as a more measurable piece of everyday spending, even if the category has a long way to go.
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