The month of July 2026 saw an unprecedented spike in crypto payment card usage, with expenditures reaching $759 million—the highest figure recorded since October 2023, according to Paymentscan. This substantial increase signifies a growing trend of utilizing cryptocurrency balances for common transactions, aligning with the expanding acceptance of digital financial mechanisms.
What Drives the Growth?
Spending with crypto cards more than doubled from $306 million in the previous year, marking a 2.5-fold increase from July 2025. When monitoring began, the monthly usage was less than $1 million, underlining the sector’s substantial growth over the past three years.
July saw nearly 9 million crypto card purchases, significantly up from 5.2 million the previous year, showing the elevated transaction frequency. With an average transaction value at $86, it seems users are utilizing these cards for daily purchases, rather than large-scale transfers. Though the total volume remains small compared to traditional card platforms, stablecoins are increasingly being used for typical consumer expenses.
Which Networks Lead the Way?
Paymentscan revealed RedotPay as the market leader, with transactions worth $395.1 million in July, up from $266.4 million last year. EtherFi and KAST contributed $100.3 million and $89.6 million, respectively. Together, these added up to approximately 77% of the total tracked spending for the month.
- RedotPay led the market with $395.1 million.
- EtherFi followed, contributing $100.3 million.
- KAST added another $89.6 million to the total.
Stablecoins, particularly those backed by the U.S. dollar, dominate in spending trends. Circle’s USDC alone accounted for about 58% of all spending, with Tether’s USDT comprising another 26%. These figures contrast with the 88% presence of Euro-pegged stablecoin EURe two years ago, which now represents a mere 2%.
Visa documented an impressive increase in stablecoin-backed card activity, processing $5.2 billion in 2025. In collaboration with Stripe’s Bridge, Visa aims to launch crypto card services in over 100 countries by the end of the year.
Despite the upward trends, crypto card payments still make up a minor segment of the payment landscape. Visa’s total processing volume was $14.2 trillion in 2025, with crypto card transactions representing only 0.04% of that amount.
