TLDR
- Stablecoin card spending hit a record $1.03 billion in July, up 16% from June and 200% year-over-year
- Over 10 million individual purchases were made using stablecoin-linked cards in July
- Jupiter Global’s USDC-backed Visa card was a key driver, with a 65% jump in new users last month
- Visa processes around 90% of stablecoin card transactions; USDT makes up about 62.5% of settled volume
- 68% of stablecoin card volume came from outside the United States
Stablecoin card spending crossed $1 billion in a single month for the first time in July, reaching $1.03 billion across the industry. The figure marks a 16% increase from June and a 200% jump compared to July last year.
BREAKING: Monthly stablecoin card spending volumes surged another +16% in July, to a record $1.03 billion.
This marks +200% year-over-year volume growth with over 10 million purchases made during July.
The growth has comes amid surging demand for instant settlement and global… pic.twitter.com/EDksW62jAq
— The Kobeissi Letter (@KobeissiLetter) August 11, 2026
More than 10 million purchases were recorded during the month. Three years ago, monthly crypto card volume was around $1 million. The scale of the shift is hard to ignore.
Jupiter’s Role in the Record
Jupiter Global, a Solana-based platform that grew from the Jupiter decentralized exchange aggregator, played a central role in driving those numbers. Its USDC-backed Visa debit card lets users spend stablecoin balances at any Visa-accepting merchant, without converting funds through a traditional bank first.
The card works across more than 150 million merchants in over 60 countries. That reach made it one of the most visible products connecting on-chain balances to everyday spending.
When the card launched earlier this year, it came with a 2% cashback rate and up to 4% through referrals. Those promotional rates ran through June before moving to standard reward levels.
Even after the promotions ended, adoption kept growing. Jupiter Global reported a 65% month-over-month increase in new card users in July. An earlier data point showed a 660% spike in sign-ups since launch, pointing to strong early momentum.
What the Numbers Show
Visa dominates the stablecoin card space, processing roughly 90% of all transactions. On the stablecoin side, USDT accounts for about 62.5% of settled volume, with USDC making up much of the rest.
Geography is also shifting. Around 68% of total volume came from users outside the United States. Jupiter has pushed localized features like QR-based payments to support that international reach.
The $1.03 billion monthly figure puts the stablecoin card segment on pace for more than $12 billion in annualized spending.
Some analysts now expect monthly volume to reach $1.5 billion or more by the end of 2026.
The July milestone reflects a gradual but clear shift in how stablecoins are being used. Spending at merchants, rather than trading or speculation, is becoming a larger part of the picture.
Jupiter’s card has become one of the more visible examples of that shift in action.
