Visa-Linked Crypto Cards Record 525% Surge in Spending in 2025

Quick Breakdown 

• Crypto card spending jumped 525% in 2025, reaching $91.3 million, according to Dune Analytics
• EtherFi led all Visa-linked crypto cards, accounting for more than half of total spend
• Visa is doubling down on stablecoins, signaling a long-term commitment to blockchain payments

 

Visa-issued crypto cards recorded explosive growth in 2025, as onchain data shows users increasingly turning to crypto-powered payment options for everyday spending.

Polygon researcher @obchakevich_ said the data reflects more than user curiosity, noting on X that crypto cards are becoming a practical financial tool rather than an experimental product.

. @Visa continues its expansion into crypto, steadily increasing spend volume through crypto cards such as @gnosispay, @ether_fi cash, @Cypher_HQ_, @AviciMoney, @Exa_App, @MoonwellDeFi card, and others.

Looking at the analytics for 6 crypto cards on Visa, we can see rapid…

— Alex (@obchakevich_) January 4, 2026

“The growth in spending confirms that crypto is now being used for real-world transactions, not just speculation,”

the researcher said.

According to data from Dune Analytics, total net spending across six Visa-backed crypto cards jumped by 525% last year, rising from $14.6 million in January to $91.3 million by the end of December.

The figures highlight accelerating adoption of crypto cards and underline the growing role of stablecoins and blockchain payments within Visa’s global payments network.

EtherFi dominates crypto card spending

Among the six cards tracked, EtherFi’s Visa-backed crypto card led by a wide margin, recording $55.4 million in total spend during the year.

Cypher followed at a distant second with $20.5 million, while the remaining cards were issued by GnosisPay, Avici Money, Exa App, and Moonwell, all decentralized finance or crypto-native payment platforms.

Meanwhile, Singapore-based global payments infrastructure provider Nium joined Visa’s stablecoin settlement pilot, marking a major step toward integrating blockchain-based settlement into enterprise-grade cross-border payments.

Visa deepens stablecoin strategy ahead of 2026

Visa appears positioned for further crypto card growth in 2026 as it continues expanding its stablecoin infrastructure.

In recent months, the payments giant has extended stablecoin support across four blockchains and pursued new partnerships aimed at serving both retail users and institutional clients. The expansion will complement its existing support for USDC, EURC, PYUSD, and USDG—currently active on Ethereum, Solana, Stellar, and Avalanche.

The push intensified in mid-December when Visa launched a dedicated stablecoin advisory team to help banks, merchants, and fintech firms deploy and manage stablecoin-based payment products.