Crypto Card Spending Hits $1 Billion Monthly Milestone
In July 2026, crypto card purchases reached a record monthly volume of approximately $1.03 billion according to PaymentsScan data, marking an increase of nearly 16% from June and over 200% compared to the same period in 2025. The surge is attributed to stablecoins like USDT and USDC being used for transactions across multiple blockchain networks including Ethereum, Solana, Tron, Base, and Polygon. The growth reflects rising adoption of crypto cards that offer near-instant settlement and access without requiring a traditional bank account. Jupiter, a Solana-based trading platform, was noted as one driver through its QR-based payments in over 60 countries; however, data from SpendNode showed a significant drop-off in Jupiter's card spending due to the end of promotional incentives. Despite fluctuations among individual issuers like Jupiter, industry-wide trends indicate continued expansion. PaymentsScan projects that monthly stablecoin-card volume could exceed $1.5 billion by year-end if current growth rates persist.
Topics: blockchain adoption cryptocurrency payments stablecoins