AI · CoinDesk
Crypto card spending tops $1 billion as stablecoins move into everyday purchases
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Crypto card spending more than tripled over the past year, reaching $1.04 billion in July, driven largely by dollar-backed stablecoins and increasingly ordinary purchases such as groceries, ride-hailing and food delivery.
Key facts
- RedotPay generated $395.1 million of July volume, followed by EtherFi at $100.3 million and KAST at $89.6 million
- Ether.fi CEO Mike Silagadze confirmed to CoinDesk that the platform’s $100.3 million represents card purchase volume, but excludes roughly $30 million of fiat transfers
- Oobit said active Brazilian users spend about $400 across 20 transactions per month, while grocery stores accounted for 35% of its reported regional activity
- Gross transaction value rose about 600% in lower-GDP markets between March 2025 and February 2026, compared with 150% in higher-GDP markets
Summary
Crypto card spending tripled to $1.04 billion in July, with dollar-backed stablecoins funding 70% of over 10 million transactions. Average payments rose to $86 per transaction from $59, year-over-year, signaling a shift toward frequent, everyday consumer purchases rather than large-scale crypto off-ramps. Emerging markets are driving adoption, with StraitsX reporting a 600% increase in gross transaction value in lower-GDP regions between early 2025 and 2026. Dollar-backed stablecoins funded 70% of the more than 10 million tracked transactions, according to Paymentscan data, cited by venture capital firm a16z.