In July 2026, dollar-backed stablecoins dominate crypto card payments with 84% of transactions, while euro-pegged tokens hold only 2%. USDC alone commands roughly 58% of the market, with EURe collapsing from 88% to 2% market share in just two years. Monthly crypto card spending reached $759 million, up from $306 million a year earlier, a 2.5x increase. Nearly 9 million monthly purchases are made with an average transaction size of about $86. European MiCA regulation has favored USDC, ironically a dollar-denominated token, over European-issued stablecoins.
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