According to CoinMeta, as reported by a16z and crypto, crypto payment card expenditures in July increased by 2.5 times compared to the same period last year, reaching $759 million, mainly through nearly 9 million transactions involving US-dollar-backed stablecoins. Data from payment monitoring firm Paymentscan shows that since tracking the market began in October 2023, the monthly total has risen from less than $1 million to over $759 million. The number of card purchases in July also increased, rising from about 5.2 million in the same period last year to nearly 9 million. USDC accounted for approximately 58% of crypto payment card expenditures in July, while USDT accounted for about 26%.