Crypto Card Volume Hits $748.7M in July, a Fifth Straight Monthly Gain: Paymentscan

§ 01 Executive Snapshot

• What: Crypto card spending reached a record $748.7 million in July, marking the fifth consecutive month of growth.
• Who: Paymentscan, RedotPay, Ether.fi, KAST, and other crypto card providers.
• Why it matters: This trend showcases a growing demand for stablecoin-funded payment options, independent of fluctuating crypto trading volumes.

§ 02 Key Developments

• Spending on crypto payment cards hit $748.7 million in July, a 19.1% increase from June's $628.7 million.
• Year-over-year spending rose by 144.7% from $306 million in July 2022.
• Users executed 8.77 million transactions from 158,857 active addresses, both of which are all-time highs.

§ 03 Strategic Context

• The growth in crypto card usage comes amid declining trading volumes in the crypto market, indicating a shift towards everyday payment solutions.
• The GENIUS Act, enacted in July 2025, has enhanced access to stablecoins, bolstering the infrastructure for crypto card programs.

§ 04 Strategic Implications

• The sustained increase in crypto card spending could lead to greater merchant acceptance of cryptocurrencies and stablecoins as payment methods.
• Long-term, this trend may solidify the role of stablecoin-funded cards as essential tools for everyday transactions in the crypto ecosystem.

§ 05 Risks & Constraints

• Regulatory challenges may arise as the adoption of crypto cards expands, particularly concerning consumer protection and financial oversight.
• Competition among emerging crypto card providers could impact market share and profitability for established players.

§ 06 Watchlist / Forward Signals

• Monitoring the uptake of stablecoin neobanks and their impact on crypto card volumes will be critical in the coming months.
• Key upcoming events include KAST's planned Q4 token generation event, which may influence transaction volumes and user engagement.