Spending on Visa-linked crypto cards surged sharply in 2025, highlighting growing real-world usage of digital assets and stablecoins for everyday payments.
Net spending across a group of Visa-issued crypto cards rose 525% over the year, climbing from $14.6 million in January to $91.3 million by the end of December, according to data from Dune Analytics.
The data tracks six crypto cards issued by blockchain projects in partnership with Visa, offering a snapshot of how crypto-native payment tools are gaining traction among users.
EtherFi leads crypto card spending
Among the six cards analyzed, the Visa-backed card from EtherFi dominated spending activity, recording $55.4 million in total net spend during 2025.
That figure placed EtherFi well ahead of competitors, with Cypher ranking second at $20.5 million. Other cards included in the data set came from GnosisPay, Avici Money, Exa App, and Moonwell, each contributing to the broader rise in crypto card usage.
Growing role of crypto and stablecoins in payments
Market participants said the surge reflects more than short-term experimentation.
“These figures demonstrate not only the fast adoption of crypto cards among users but also the strategic importance of crypto and stablecoins for Visa’s global payment ecosystem,” said a researcher from Polygon, posting under the handle @obchakevich_ on X.
“The increase in spend volume confirms that crypto is no longer just an experimental technology, but a fully fledged tool for everyday financial transactions,” the researcher added.
Visa doubles down on stablecoin infrastructure
The growth in crypto card spending comes as Visa continues to expand its stablecoin and blockchain-related initiatives.
Over recent months, the payments giant has extended stablecoin support across four blockchains, while forming new partnerships and upgrading infrastructure to make digital assets more accessible for both retail and institutional clients.
In mid-December, Visa further accelerated its push by launching a stablecoin advisory team, aimed at helping banks, merchants, and fintech companies design, launch, and manage stablecoin-based products.
Momentum heading into 2026
With transaction volumes rising sharply and Visa deepening its commitment to stablecoin rails, analysts expect crypto card usage to remain a key growth area in 2026, particularly as more users adopt stablecoins for cross-border payments and everyday spending.
The data suggests that crypto-linked cards are increasingly moving beyond niche use cases — and becoming a meaningful extension of traditional payment networks.
