According to CoinDesk, cryptocurrency card spending reached $1.04 billion in July, more than doubling compared to the same period last year. Dollar stablecoins (USDC and USDT) funded 70% of over 10 million transactions, with the average payment amount rising from $59 last year to $86, indicating that users are shifting from large-scale cash-outs to everyday spending, such as groceries, rideshares, and takeout.

Emerging markets have become the main growth driver. Data from Visa partner StraitsX shows that total transaction volume in low GDP markets grew by about 600% from March 2025 to February 2026, while high GDP markets only grew by 150%. In Latin America, active users of Oobit in Brazil spend about $400 per month, with grocery stores accounting for 35% of their regional activity; in Argentina, 72% of payments use USDT, with food making up 41% of transactions.

Market concentration remains high, with the three platforms RedotPay, EtherFi, and KAST collectively accounting for about 77% of the total tracked volume in July. Visa stated that there are currently over 160 card projects associated with stablecoins launched or in development worldwide. The number of Binance card users in Brazil has increased by 53% since its launch quarter, and Kraken’s Krak Card payment frequency has doubled over the past year to 8.3 times per user per week.