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.

Stablecoins are taking on a bigger role in day-to-day payments, according to data cited by venture firm a16z from Paymentscan. Over the past year, spending through crypto cards more than tripled, with tracked transaction volume reaching $1.04 billion in July 2025. The data shows more than 10 million crypto card transactions during the month, and about 70% of payments were settled with dollar-backed stablecoins. USDC accounted for 50.8% of transaction volume, while USDT made up 20.3%. A year earlier, those shares were about 48% and 7%, respectively, pointing to a stronger hold for dollar stablecoins in crypto payments. Average ticket size also increased to about $86 in July, up from $59 in the same period last year. Daily spending categories such as groceries, ride-hailing, dining and subscription services were the main use cases. In Latin America, the data showed stablecoins being used for food, retail and transport. In Brazil, Oobit users completed about 20 transactions per month on average, with groceries representing roughly 35% of local activity. In Argentina, 72% of Oobit payments used USDT, and food purchases accounted for 41%.

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Circle has formed a strategic alliance with Argentine financial services group BIND Group to give businesses in Argentina access to USDC liquidity through BEN, BIND’s licensed virtual asset service provider. BIND Group has more than $2 billion in total assets, and its core banking entity, BIND Banco Industrial, focuses on institutional and corporate clients. According to the announcement, BEN will operate under Argentine regulatory requirements and support use cases including payments, treasury management, and digital asset transfers. The companies framed the deal as a step toward broader institutional use of stablecoins in the country. BIND Vice President Andrés Meta said wider institutional access to USDC marks an important step for Argentina’s digital asset ecosystem, while Circle CEO Jeremy Allaire said Argentina has become a more attractive destination for foreign investment. Argentina is also one of the few markets in Latin America where USDC adoption is close to USDT. Oobit, backed by Tether, said USDC transactions by Argentine users account for 46% of the country’s total stablecoin transaction volume.