USDC accounted for over two-thirds of stablecoin card top-ups in July, signaling growing consumer payment adoption.
USDC card top-ups rose 46% month-over-month to $218M in July, more than double USDT’s $95M and surpassing all other stablecoins combined. The increase highlights USDC’s expanding role in consumer payment products despite USDT’s larger circulating supply.
The gap reflects a preference for USDC in card settlement programs, where issuers appear to favor its regulatory and compliance profile. USDT, while dominant in trading and liquidity, lagged in payment-focused use cases during the period.
No immediate market reaction was reported, but the shift underscores USDC’s growing utility in mainstream financial transactions.