Crypto card spending reached $1.04 billion in July, rising more than threefold from a year earlier, according to CoinDesk, as stablecoins took a larger role in everyday payments. USDC and USDT funded 70% of more than 10 million transactions, while the average payment size climbed from $59 last year to $86. The figures point to a shift in usage away from large cash-outs and toward routine purchases such as groceries, ride-hailing, and food delivery. Growth was led by emerging markets. Data from Visa partner StraitsX showed that total transaction volume in low-GDP markets rose about 600% between March 2025 and February 2026, compared with 150% in high-GDP markets. In Latin America, Oobit said active users in Brazil spend about $400 a month, with grocery stores accounting for 35% of regional activity, while 72% of payments in Argentina used USDT and food made up 41% of transactions. Market share also remained concentrated, with RedotPay, EtherFi, and KAST accounting for about 77% of tracked July volume.
Crypto card spending reached $1.04 billion in July, up more than threefold from a year earlier, according to CoinDesk.
Stablecoins funded most of the activity
Dollar-backed stablecoins USDC and USDT funded 70% of more than 10 million transactions. The average payment size rose to $86 from $59 a year earlier.
The data points to a change in how users are spending, shifting from large cash-outs to day-to-day purchases such as groceries, ride-hailing, and food delivery.
Emerging markets drove the growth
Emerging markets were the main source of expansion. Data from Visa partner StraitsX showed that between March 2025 and February 2026, total transaction volume in low-GDP markets grew about 600%, while high-GDP markets grew 150%.
In Latin America, Oobit said its active users in Brazil spend about $400 a month, with grocery stores making up 35% of regional activity. In Argentina, 72% of payments used USDT, and food accounted for 41% of transactions.
Market share remained concentrated
Market concentration stayed high. RedotPay, EtherFi, and KAST together accounted for about 77% of tracked volume in July.
Visa said more than 160 stablecoin-linked card programs are now live or in development worldwide. Binance said users of its Brazil card increased 53% since the launch quarter, while Kraken's Krak Card doubled weekly payment frequency over the past year to 8.3 transactions per user.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. 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.
