Stablecoin Card Spending Hits $1 Billion in a Single Month for the First Time

Stablecoin card spending hit a record $1.03 billion in July, up 16% from June and 200% year-over-year. Over 10 million individual purchases were made using stablecoin-linked cards. Jupiter Global's USDC-backed Visa card was a key driver, with a 65% jump in new users last month. Visa processes around 90% of stablecoin card transactions.