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Crypto card spending tops $1 billion as stablecoins move into everyday purchases

Summary by RetailWit
Cryptocurrency card spending has reportedly more than tripled in the last year amid increased retail purchasing. Spending on these cards came to $1.04 billion in July thanks to dollar-backed stablecoins and more people purchasing everyday items like groceries, CoinDesk reported Sunday (Aug. 23). Dollar-backed stablecoins were behind 70% of the more than 10 million tracked transactions, the report said, citing Paymentscan data. USDC accounted for…

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Crypto card spending tops $1 billion as stablecoins move into everyday purchases

·New York, United States
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Coin Desk broke the news in New York, United States on Sunday, August 23, 2026.
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