Crypto payment cards processed $759 million in spending across nearly 8.8 million transactions in July 2026, according to fresh data shared by a16z crypto on X. The figures were up sharply from roughly $306 million and about 5.2 million transactions a year earlier, pointing to much heavier use of stablecoin-linked cards for everyday purchases rather than large transfers. Based on the monthly total and transaction count, average ticket size came to about $86. The report said cardholders typically spend crypto assets, mostly stablecoins, which are converted into local fiat at checkout, letting merchants treat the payment like a standard card purchase. Several issuers are active in the segment, including RedotPay, EtherFi, KAST, Karta, Plasma One, Tria and Wirex One, with RedotPay described as the largest contributor by spending volume. Paymentscan data also showed a major shift in stablecoin mix. In July 2026, USDC accounted for 58% of crypto card spending and USDT for 26%, while euro stablecoin EURe had held as much as 88% in early 2024. The story also flagged limits in the dataset: some figures are self-reported by issuers and not fully verifiable on-chain, and activity is concentrated among a small number of providers.

Monthly spending on crypto payment cards has reached $759 million, according to fresh data from a16z crypto. The figure marks a jump from the niche-scale volume recorded in earlier periods. These cards let users spend cryptocurrency wherever traditional card networks are accepted; at the point of sale, the stablecoin is converted into local currency, so the transaction looks like an ordinary card payment to the merchant. As of July 31, RedotPay accounted for the vast majority of spending across card programs, while EtherFi, KAST and Karta have been gradually expanding their share since late 2025. a16z crypto also said cardholders don't need a traditional bank account: they can deposit stablecoins with the issuer or hold tokens in self-custody. That, the firm says, broadens access to dollar-denominated accounts for global users and gives stablecoin holders a convenient way to spend.

Spending on crypto payment cards climbed to a record $748.7 million in July, according to onchain analytics tracker Paymentscan, marking the fifth straight month of increases. The figure was up 19.1% from June’s $628.7 million and 144.7% from $306 million a year earlier. Paymentscan, which tracks card transactions across roughly 20 chains, also recorded all-time highs in user activity, with 8.77 million transactions and 158,857 active addresses in July. February was the last month to show a decline, and every month since March has set a fresh record. At the card-provider level, RedotPay handled $395.1 million in July, accounting for more than half of the tracked volume. Ether.fi’s Cash card ranked second with $100.3 million, followed by KAST at $89.6 million. Smaller programs posted the fastest month-over-month growth, including Avalanche Card, Plasma One, and Exa. The sector also set a single-day record of $36.8 million on July 20, when KAST’s daily volume exceeded RedotPay’s for the first time during a points promotion tied to its planned fourth-quarter token generation event. Paymentscan said cumulative deposits into crypto cards crossed $10 billion around July 1.

本文基于Carta 2026年Q1 VC基金业绩报告，深入分析加密风投市场的结构性变化：账面价值（TVPI）已连续六个季度回升，但实际现金回报（DPI）仍极低，超过半数2019-2020年份基金未向LP返还任何现金。资金正加速向头部基金集中，1亿美元以上基金占据57%募资额，中间层基金面临募资困难。文章还盘点了六月十大加密融资事件，包括Securitize的4亿美元SPAC合并、Digital Asset的3.55亿美元战略轮、Morpho的1.75亿美元DeFi轮等，并介绍了Variant和Framework两支新基金。

Carta 2026年Q1风投报告显示，VC基金账面价值（TVPI）连续六个季度回升，但现金分配（DPI）仍极低，超过半数成立五至六年的基金尚未返还LP一分钱。资金加速流向头部基金，1亿美元以上基金吸走57%募资额。流动性成为下一阶段主导逻辑，能主动创造退出的GP将胜出。加密风投比传统VC更离散、更集中，6月融资亮点包括Digital Asset（a16z领投3.55亿美元）、Securitize上市（约4亿美元）、Morpho（1.75亿美元）等。本文还整理了本月新基金公告及黑客松日程。