Crypto payment card spending has jumped 2.5 times from a year earlier to reach $759 million in July, supported by nearly 9 million purchases settled mainly through dollar-backed stablecoins.
Summary
- July spending rose from $306 million a year earlier to $759 million.
- Cardholders completed nearly 9 million purchases with an average value of about $86.
- USDC and USDT accounted for a combined 84% of tracked spending.
- Optimism led blockchain settlement with 29%, followed by Solana and Base at 19% each.
A16z crypto reported the figures using data from Paymentscan, which tracks payment activity linked to crypto card programs across several blockchains.
