Crypto Card Spending Reaches $759M in July, Driven by Stablecoins

• Crypto card spending surged to $759 million in July, rising about 2.5 times from $306 million recorded a year earlier.
• Nearly 9 million crypto card purchases occurred in July, with the average transaction reaching about $86 as usage expanded.
• USDC and USDT accounted for roughly 84% of July crypto card spending, highlighting the dominance of dollar-backed stablecoins.

Stablecoins drove crypto card spending to $759 million in July, up from $306 million a year earlier, according to a16z. Nearly 9 million purchases used crypto payment cards that month, compared with 5.2 million a year earlier, while average spending reached about $86 per transaction.

Crypto Card Spending Reaches $759 Million

According to a16z, monthly crypto card volume rose about 2.5 times from July 2025. The tracked volume stood below $1 million when Paymentscan began tracking activity in October 2023. Crypto cards let users spend crypto wherever traditional card networks operate.

At checkout, the crypto usually converts into local currency before merchants receive payment. Users do not need traditional bank accounts for these cards. Depending on the program, they deposit stablecoins with issuers or hold them through self-custody.