Crypto Card Spending Hits $1 Billion as Stablecoins Fund Everyday Purchases

Crypto card spending reached $1.04 billion in July, more than tripling year over year. USDC and USDT funded over 70% of more than 10 million tracked transactions. The average transaction size rose to $86, up from $59 a year earlier. RedotPay, EtherFi, and KAST accounted for about 77% of tracked volume.