Stablecoins: July Card Volumes Hit Record $1.03B

Stablecoin card spending volumes reached a record $1.03 billion in July after a 16% monthly increase and 200% year-over-year jump, according to The Kobeissi Letter, with over 10 million purchases executed. Growth stems from demand for instant settlement and global access, amplified by Jupiter integrations such as QR-based payments available in 60+ countries where 68% of volume originates from non-US users. Three years earlier monthly crypto payment card volume stood at just $1 million, and Julian Kwan highlighted that stablecoins now function as the money layer of the internet with expanding chains and onchain dollar utility.