[a16z crypto: Monthly Spending on Crypto Payment Cards Reached Approximately $759 Million in July This Year] a16z crypto recently posted that monthly spending on crypto payment cards reached approximately $759 million in July this year, a 2.5x increase compared to about $306 million a year ago, and a significant rise from less than $1 million in October 2023. The average transaction amount per swipe is approximately $86. The report states that users can hold stablecoins through custodial or self-custodial methods and make in-person purchases globally via traditional card networks like Visa, with merchants receiving settlements in local fiat currencies. Currently, about 58% of spending is settled in USDC, approximately 26% in USDT, and the share of the euro stablecoin EURe has dropped from about 88% previously to around 2%. In terms of chain distribution, Optimism, Solana, and Base each account for over 20%, while Gnosis has seen a noticeable decline in its share.