Stablecoin Cards Have Amassed a Massive Following, With Some Now Competing With Credit Cards
An unassuming change seems to have swept the global finance arena, one that has seen crypto-linked payment cards being used more and more with each passing month. To date, these offerings have facilitated over $759 million in transactions just last month alone (up about 2.5x from a year earlier, according to Paymentscan data cited by a16z crypto).
Furthermore, they have accounted for nearly nine million purchases split majorly across with USDC and USDT accounting for the majority of spending over the same time frame.\
Monthly crypto card spend, Oct 2023 to July 2026, climbing from under $1M to $759M
Despite these significant figures, for most of the past decade, stablecoins weren't really seen as daily payment mediums but rather means of chasing yield or dodging volatility. However, with their recent integration into cards, apps and merchant terminals (akin to traditional banking cards), consumers are quickly beginning to see their advantages.
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