Crypto payment card spending hits record $748.7M in July as stablecoin neobanks top $1B in monthly flows
first published 2026-08-03T18:28:04Z
Crypto payment card spending reached a record $748.7 million in July, rising 19.1% from June and 144.7% year over year for a fifth straight monthly gain. RedotPay accounted for more than half of tracked volume, stablecoin neobanks exceeded $1 billion in monthly flows for the first time, and cumulative crypto card deposits passed $10 billion.
AI Analysis
The article reports record-breaking card spending, strong month-over-month and year-over-year growth, and new milestones in stablecoin neobank flows and cumulative deposits, all of which suggest rising usage.
Expected Investor Sentiment: Bullish
Potential Market Impact: Significant
