In July 2026, cryptocurrency payment cards processed a record $758.8 million, which is 2.5 times higher than a year ago. According to a16z crypto and Paymentscan, users have made almost 9 million purchases with an average check of about $86. The RedotPay card became the market leader with a turnover of $395.1 million, followed by EtherFi (100.3 million), KAST (89.6 million) and Karta (58.39 million). This dynamic confirms that stablecoins are increasingly being used for everyday payments through traditional card infrastructure, and not just for trading. The trend is also supported by major traditional players: this year Revolut released a physical crypto card, and the Bybit exchange launched a similar product in Georgia based on Mastercard, integrating digital assets into familiar payment scenarios.

In parallel with the growth in volumes, there has been a structural transformation of the assets and blockchain networks used. At the beginning of 2024, the dominance (about 88% of transactions) belonged to the euro-stablecoin EURe, transactions with which took place mainly through the Gnosis network. By July 2026, the share of EURe had decreased to 2%, and dollar-denominated stablecoins occupied the leading positions: USDC accounted for about 58% of expenses, while USDT accounted for 26%. This also influenced the choice of the basic infrastructure: the leaders were the Optimism network with a share of about 29%, as well as Solana and Base, each of which occupied 19% of the market. This shift highlights the growing integration of digital dollars into the daily global economy.

Despite the growth rate, the crypto card market remains a niche market compared to traditional payment systems that process trillions of dollars every month. The expansion of the sector is accompanied by an aggravation of legal conflicts. RedotPay, which generates more than half of the market volume, is facing a lawsuit from Binance-affiliated entities. The plaintiffs are demanding about $473 million, accusing the platform of violating the partnership agreement and redirecting more than 470,000 users to its own product. RedotPay denies these allegations. At the same time, the company is negotiating to raise $150 million at a valuation of over $4 billion, which indicates a high investor interest in crypto payments, despite the legal risks.

***

The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.