Monthly spending with crypto payment cards reached a record $759 million in July 2026, representing the highest level tracked by Paymentscan since October 2023. This surge underscores a growing trend of using blockchain-linked balances for everyday payment transactions.
USDT
AAPLSpending and Transaction Growth Accelerate
Paymentscan reported that crypto card spending more than doubled from $306 million in July 2025, a rise of about 2.5 times year-on-year. When tracking began, the monthly total was below $1 million, highlighting significant category expansion in three years.
Alongside higher spending, the number of purchases also increased substantially. Nearly 9 million crypto card transactions were processed in July, up from 5.2 million during the same month last year.
The average transaction value stood at approximately $86, which indicates that users are making frequent smaller purchases rather than focusing solely on large transfers. Although overall volume is small compared to conventional card networks, stablecoins are being used more frequently for regular consumer spending.
RedotPay, a digital payments provider, led all programs tracked by Paymentscan with $395.1 million in July spending. Its annual volume rose from $266.4 million a year ago.
EtherFi contributed another $100.3 million, while KAST added $89.6 million to the monthly total. Collectively, these three programs accounted for around 77% of July’s $759 million tracked spending.
Reporting methods differ between programs. While Paymentscan primarily tracks blockchain transactions, some projects report figures from centralized, off-chain sources. For example, RedotPay’s data are self-reported, and certain card structures use batched settlements or account top-ups that might not exactly match actual merchant spending.
The share of networks used for settlements has also evolved. Gnosis once dominated with most recorded activity in early 2024, but its participation fell to about 2% by July 2026.
By July 2026, Optimism handled roughly 29% of crypto card payment volume, followed by Solana and Base at about 19% each. This dispersion reflects how usage is now spread among various blockchain platforms.
| Provider / Network | July 2026 Volume | July 2025 Volume | Market Share (%) |
|---|---|---|---|
| RedotPay | $395.1M | $266.4M | 52% |
| EtherFi | $100.3M | – | 13% |
| KAST | $89.6M | – | 12% |
| Other programs | $174.0M | – | 23% |
Mini dictionary: Paymentscan, a blockchain data analytics service, monitors and reports payment activity for crypto-linked cards by aggregating both on-chain and (in some cases) off-chain transaction data submitted by card issuers.
Stablecoins Dominate Crypto Card Spending
Dollar-backed stablecoins played an increasingly prominent role in crypto card payments. USDC, issued by Circle, captured about 58% of July’s total spending, while USDT from Tether accounted for 26%.
Comparatively, the euro-pegged stablecoin EURe represented 88% of tracked card spending in early 2024, but its share dropped sharply to around 2% by July 2026. This trend points to the dominant use of digital dollars in the sector.
Users typically spend digital dollars, but merchants receive payments in their own local currency, thanks to conversion at the point of transaction. This setup enables consumers to access crypto balances while allowing merchants to avoid direct exposure to cryptocurrency volatility.
Dollar-backed stablecoins such as USDC and USDT now comprise 84% of crypto card payments, marking a significant shift from just two years ago when euro-pegged assets led the field.
Visa, one of the world’s largest payment networks, reported $5.2 billion in stablecoin-linked card volume for 2025, growing 319% year-over-year. The company now backs more than 130 stablecoin-linked programs across 50+ countries, with plans to double that number in 2026.
Through a partnership with Stripe-owned Bridge, Visa intends to expand stablecoin card offerings to over 100 countries by year-end, increasing global accessibility for blockchain-funded payments.
Despite impressive growth, stablecoin-linked cards still account for a minor portion of global payments. Visa processed $14.2 trillion in total payment volume in 2025, meaning stablecoin cards represent only 0.04% of that figure.
While July’s spending highlights rapid adoption, crypto-based card payments remain a small part of the broader financial ecosystem.
