Crypto payment cards processed nearly three-quarters of a billion dollars in spending last month. RedotPay alone handled over half the volume, while stablecoin neobanks pulled in more cash than ever before.
July spending jumped 19% from June and more than doubled compared to a year ago. Users completed 8.77 million transactions from 158,857 active addresses. Both figures set new records. The monthly gains have been consistent now for five straight months, with February marking the last time volumes dipped.
The surge matters because crypto usage metrics rarely move in sync with trading. While exchange volumes sink to multi-year lows, people are actually using stablecoins to pay for things. This suggests real demand independent of market hype. Stablecoin-backed cards are finding everyday payment use even as speculation cools.
Who's leading the charge
RedotPay processed $395.1 million in July, more than half of all tracked volume. Ether.fi's Cash card came second at $100.3 million. KAST pulled in $89.6 million. Smaller programs showed faster growth rates. Avalanche Card jumped 72% month-over-month. Plasma One gained 69%. Exa climbed 53%.
A single day in mid-July broke records. July 20 saw $36.8 million in spending across all programs. That day, KAST topped RedotPay's daily volume for the first time, buoyed by a points promotion ahead of the platform's planned token launch in Q4.
Cumulative deposits into crypto cards now exceed $10 billion. That represents roughly 82% growth since the start of the year. The GENIUS Act, which became law in July 2025, opened pathways for stablecoin access that made these card programs possible. They've become some of the most direct bridges between onchain dollars and real merchant payments.
This article is for informational purposes only and does not constitute financial advice.
