Crypto card spending passes $1 billion, with stablecoins funding most purchases

Crypto card spending passes $1 billion, with stablecoins funding most purchases

N
News Editor
2026-08-23 15:00:00
Tracked crypto card spending has climbed past $1 billion, according to CoinDesk, marking a sharp rise in card-based crypto payments over the past year. The report says volume more than tripled during that period, showing faster adoption of crypto-linked cards in consumer transactions. Stablecoins accounted for most of that activity. USDC and USDT funded more than 70% of total spending, pointing to their growing role as payment rails rather than only trading instruments. The spending mix also shifted toward everyday use. Users increasingly paid for groceries, rides and subscription services, suggesting that crypto card usage is moving beyond niche or purely digital purchases into routine household spending.

Tracked crypto card spending has topped $1 billion, CoinDesk reported, with card volume more than tripling over the past year.

USDC and USDT funded more than 70% of that spending. Users increasingly used crypto cards for everyday purchases, including groceries, rides and subscriptions.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
2700

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.