Crypto card spending hit $759 million in July, more than double the $306 million recorded a year earlier. Cardholders made nearly 9 million purchases, averaging about $86 each. Stablecoins are the workhorse: USDC and USDT together account for roughly 84% of the volume.
Stablecoins rule the card rails
USDC handles about 58% of card spending and USDT about 26%. The euro-backed EURe stablecoin, which once held nearly 88% of card volume in early 2024, has fallen to roughly 2%. That shift tracks broader market preferences, though the data doesn't say why. The average purchase of $86 suggests cards are being used for everyday spending, not just large-ticket items.
Which networks carry the traffic
Optimism carries about 29% of card volume, with Solana and Base each holding near 19%. Gnosis has dropped to roughly 2%. The numbers reflect where issuers route settlement, not necessarily where users think they're spending.
Visa's near-total grip
Nearly all tracked crypto card spending still moves through Visa. That's a reminder that crypto cards are still a front-end on the traditional payments rail, not a replacement for it. Traditional networks process trillions of dollars each month; crypto card volume remains a rounding error.
How reliable are the numbers?
The largest card program by volume, RedotPay, self-reports its figures and does not settle onchain with certainty, which adds uncertainty to the totals. When tracking began in October 2023, monthly card volume sat below $1 million, so the growth is real but the baseline was tiny. The next monthly update will show whether the July pace holds. Until then, the card data is a directional signal, not a precise ledger.
