In July 2026, spending using cryptocurrency payment cards increased by 2.5 times compared to the same period last year, reaching $759 million.
Such impressive results were achieved thanks to 9 million purchases, which is significantly higher than the 5.2 million transactions in July 2025. The average cost per purchase was about $86.
The main drivers behind this surge were U.S. dollar-pegged stablecoins. $USDC and $USDT accounted for 84% of all tracked expenditures. The share of $USDC was 58%, and $USDT was 26%. For comparison, a year earlier, these assets accounted for 48% and 7%, respectively.
The adjusted transfer volume increased by 63% compared to May and by 125% compared to June 2025, despite the total market value of stablecoins decreasing by $7.7 billion. Meanwhile, the popularity of euro-pegged tokens sharply declined from 88% at the beginning of 2024 to 2% by July 2026.
The leading blockchain for payments was Optimism (29% of crypto card transactions), followed by Solana and Base with 19% each. Despite the noticeable growth, the volume of cryptocurrency card transactions remains modest compared to traditional payment systems, which process trillions of dollars in transfers monthly.
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