From Niche to Mainstream: Crypto Payment Card Spending Reaches $750 Million in July, a New All-Time High

a16z crypto officially stated on X platform that stablecoin card payments are gradually gaining traction, with crypto payment cards evolving from a novelty to surpassing $750 million in monthly spending. These payment cards allow people to use cryptocurrency for purchases at any location that accepts traditional card networks. The accompanying infographic shows that crypto payment cards such as ReddotPay, EtherFi, and KAST recorded $750 million in spending in July.