Tracked card volume more than tripled in a year, with $USDC and 💰USDT funding over 70% of spending as users increasingly paid for groceries, rides and subscriptions.

Crypto card spending tripled to $1.04 billion in July, with dollar-backed stablecoins funding 70% of over 10 million transactions.

Average payments rose to $86 per transaction from $59, year-over-year, signaling a shift toward frequent, everyday consumer purchases rather than large-scale crypto off-ramps.

Emerging markets are driving adoption, with StraitsX reporting a 600% increase in gross transaction value in lower-GDP regions between early 2025 and 2026.

Crypto card spending more than tripled over the past year, reaching $1.04 billion in July, driven largely by dollar-backed stablecoins and increasingly ordinary purchases such as groceries, ride-hailing and food delivery.

Dollar-backed stablecoins funded 70% of the more than 10 million tracked transactions, according to Paymentscan data, cited by venture capital firm a16z. $USDC DC accounted for 50.8% of July volume and $USDT another 20.3%, compared with roughly 48% and 7%, respectively, a year earlier.

Monthly volume, meanwhile, rose to $306 million in July 2025, according to the data. And the average payment rose to about $86 per transaction, up from $59 year over year. Data for August is not yet complete.