What Does Early US Crypto Payment Data Show?
New US spending data from Oobit suggests crypto payments are moving beyond speculative use cases and into everyday transactions, with food, fuel, and grocery purchases accounting for more than half of activity on the platform.
The data covers the company’s first months of US operations following its December 2025 debut. Restaurants accounted for 16% of transactions, while fast food and coffee represented another 16%. Gas stations made up 13%, and grocery stores accounted for 8%. Together, those everyday spend categories represented 53% of all transactions.
Digital gaming platforms were the main exception. They accounted for only 6% of transactions but represented 28% of total payment volume. That gap suggests a smaller group of users is making larger-ticket purchases in digital environments, compared with the lower-value but more frequent spending seen in food and fuel categories.
Why Are Stablecoins Dominating Payment Volume?
Stablecoins represented 64% of payment volume in the US data, with USDT accounting for 42% and USDC making up 22%. ETH, SOL, and BTC together accounted for the remaining 36%.
The transaction count was more distributed. USDT represented 33% of transactions, USDC 17%, ETH 19%, SOL 9%, and BTC 12%. That spread shows that volatile crypto assets are still present in payment behavior, but stablecoins remain the preferred instrument at the point of sale.
The deposit data adds a more important layer. Users are mainly loading the app with BTC, XRP, and ETH, but they are primarily spending USDT and USDC at checkout. BTC accounted for 44.7% of deposits, followed by XRP at 14% and ETH at 13%. That suggests users may still hold or transfer value in major crypto assets, while relying on stablecoins when they need a predictable payment unit.
This distinction is central to the broader stablecoin debate in the US. The GENIUS Act has established a regulatory framework for stablecoin operations, while the CLARITY Act is moving through the Senate with the aim of defining which digital assets fall under securities rules and which fall under commodities oversight. The legal framework is advancing, but the payment data suggests stablecoin usage is already being shaped by checkout utility rather than policy language alone.
Investor Takeaway
The data points to a practical split in crypto behavior: users may fund accounts with major crypto assets, but stablecoins are becoming the payment layer. That strengthens the case that stablecoin adoption is being driven by usability, price stability, and merchant-facing infrastructure.
Which US States Are Driving Activity?
California, Florida, and Texas accounted for 77% of US payment volume on the platform, with each state showing a different spending profile.
California led with 36% of volume and showed the most diversified activity across dining, groceries, retail, hotels, and digital purchases. Florida followed with 31% of volume, higher average transaction sizes, and a heavier skew toward digital platforms. The state’s average transaction was 38% higher than California’s, reflecting larger payments rather than only higher transaction frequency.
Texas accounted for 10% of volume and showed the strongest everyday-spend profile, including food, gas, and coffee. That makes Texas more representative of routine checkout usage, while Florida appears more exposed to higher-value digital spending.
The state-level data is still early, and chain-level preferences are not yet meaningful. But the geographic split shows that crypto payments are not developing uniformly. Some markets are adopting crypto as a daily spending tool, while others show heavier usage in digital commerce and larger individual transactions.
What Does This Mean for Crypto Commerce?
Since launch, Oobit said US transactions are up 260%, with users averaging $804 in monthly spend. That growth suggests latent demand exists where payment infrastructure is available, even while federal crypto rules remain incomplete.
Amram Adar, CEO of Oobit, framed the company’s New York expansion as a test of crypto’s role in mainstream commerce. “Expanding our payment rails into New York is a massive milestone for Oobit, unlocking one of the world’s most critical financial hubs,” he said. “Legislation is setting the guardrails, but infrastructure is what ultimately decides who owns the last mile of crypto commerce. By enabling New Yorkers to use their digital assets for everyday purchases right at the checkout counter, we are proving that crypto is no longer just a speculative asset, but a practical, invisible tool for daily life.”
The US data also aligns with activity in other regions. In Latin America, Brazil recorded 202% activity growth since launch, with average monthly spend and transactions per user at $400. Everyday categories also led there, including grocery stores at 35%, restaurants at 8.8%, department stores at 5.3%, and fast food at 4.1%.
For exchanges, wallets, stablecoin issuers, and payment firms, the market implication is clear. The next phase of crypto commerce may be decided less by whether users want to hold digital assets and more by whether infrastructure can make those assets spendable in ordinary retail settings. Regulation is setting the perimeter, but checkout data is beginning to show where real payment demand is forming.
