Visa-Backed Crypto Card Spending Soars 525% in 2025

Visa-Issued Crypto Card Spending Jumps 525% in 2025

In 2025, spending through Visa-backed crypto cards witnessed an impressive surge, with total transaction volume increasing by 525% over the year. This trend highlights a growing tendency among consumers to utilize crypto-linked payment products for their daily purchases.

Key Takeaways:

Visa-backed crypto card spending experienced a remarkable rise of 525% in 2025, indicating an increase in everyday crypto payment usage.
EtherFi emerged as the leading Visa crypto card issuer with $55.4 million in annual spending, significantly outpacing its competitors.
Visa is expanding its stablecoin infrastructure, signaling a deeper integration of cryptocurrencies into mainstream payment systems.

According to data from Dune Analytics, net spending across six crypto cards released in collaboration with Visa soared from $14.6 million in January to $91.3 million by the end of December.

These cards are provided by various crypto payment platforms, including GnosisPay and Cypher, as well as decentralized finance (DeFi) projects such as EtherFi, Avici Money, Exa App, and Moonwell.

EtherFi Leads with $55 Million in Spending

Among these crypto card offerings, EtherFi’s Visa-backed card stood out, amassing a total spending of $55.4 million throughout the year.

Cypher followed with $20.5 million, while the other cards demonstrated smaller yet consistently increasing transaction volumes.

Market analysts believe these statistics reflect a change in how crypto users engage with their digital assets. In a post on X, Polygon researcher Alex Obchakevich noted that the data reveals both swift user adoption and the strategic importance of crypto and stablecoins in Visa’s broader payment network.

He stated that the increasing transaction volumes indicate a transition of crypto from experimentation to more routine financial applications.

This trend is likely to gain momentum in 2026 as Visa intensifies its stablecoin initiatives.

The payments giant now facilitates stablecoin transactions across four different blockchains and has enhanced its partnerships and infrastructure to improve access for retail and institutional clients alike.

In mid-December, Visa unveiled a dedicated stablecoin advisory team aimed at assisting banks, merchants, and fintech companies in deploying and managing stablecoin products.

This move emphasizes Visa’s belief that blockchain-based settlements and programmable money are becoming more significant in the realm of global payments.

As crypto cards become increasingly popular, the substantial rise in spending underscores that connecting digital assets to familiar payment systems may be one of the most effective ways to encourage mainstream use.

Stablecoin Transaction Volumes Reach All-Time Highs

The use of stablecoins has skyrocketed over the past year, with transaction volumes hitting new highs.

Data from the payments platform Bridge indicates that total stablecoin transaction volumes have exceeded $2.5 trillion, with overall supply reaching record levels, largely fueled by the persistent growth of Tether's USDT.

Data from Chainalysis illustrates the magnitude of this activity. From June 2024 to June 2025, USDT processed over $1 trillion in transactions monthly, peaking at $1.14 trillion in January 2025.

USDC also experienced significant activity, with monthly transactions ranging from $1.24 trillion to $3.29 trillion, witnessing notable spikes late last year. Collectively, these figures emphasize the pivotal roles of USDT and USDC in the global cryptocurrency ecosystem.

Despite their dominance, the stablecoin market remains diverse and evolving. Chainalysis has highlighted rapid growth among smaller tokens like EURC, PYUSD, and DAI, indicating the emergence of specialized use cases.

EURC's monthly transaction volume soared from approximately $47 million to over $7.5 billion within a year, while PYUSD also saw steady growth. Analysts suggest that this trend indicates a divergence of stablecoins based on geographical and functional criteria, even as overall adoption continues to accelerate.