Why did crypto card spending reach $759 million in July?

Crypto card spending reached $759 million in July as purchase activity expanded, with nearly 9 million transactions recorded.

What was the average crypto card purchase in July?

The average crypto card purchase was about $86 in July, based on nearly 9 million transactions and $759 million in spending.

USD Coin (CRYPTO:USDC) accounted for about 58% of tracked crypto card spending in July, according to Paymentscan data.

Tether (CRYPTO:USDT) accounted for about 26% of tracked spending in July, bringing its combined share with USD Coin to 84%.

Optimism processed about 29% of tracked crypto card spending in July, ahead of Solana (CRYPTO:SOL) and Base at 19% each.

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Written by Isaac FrancisPublished Aug 19, 2026, 3:01 AM

Crypto card spending reached $759 million in July, up 2.5 times from a year earlier.
Nearly 9 million purchases were made, with an average transaction of about $86.
USD Coin and Tether accounted for 84% of tracked spending, led by Optimism settlement.

Crypto card spending reached $759 million in July, rising from $306 million a year earlier.

Nearly 9 million purchases were completed during July, with an average value of about $86.

The data from a16z crypto and Paymentscan showed USD Coin (CRYPTO:USDC) accounted for 58% of spending.

Tether (CRYPTO:USDT) represented another 26%, giving the two dollar-backed tokens 84% combined.

Optimism processed about 29% of tracked spending, while Solana (CRYPTO:SOL) and Base each handled 19%.

Paymentscan began tracking the market in October 2023, when monthly spending was below $1 million.

Crypto cards let users spend stablecoins through traditional card networks, while providers handle conversion and settlement.

At the time of reporting, Solana price was $76.77.