Spending through Visa-issued crypto cards skyrocketed in 2025, with total net transaction volume climbing 525% over the year, highlighting growing consumer adoption of crypto-linked payment products.
According to data from Dune Analytics, net spend across six crypto cards issued in partnership with Visa rose from $14.6 million in January to $91.3 million by December. The cards, offered by crypto payments platforms GnosisPay and Cypher, as well as decentralized finance projects EtherFi, Avici Money, Exa App, and Moonwell, saw strong growth across the board.
EtherFi’s Visa-backed card led the category by a wide margin, recording $55.4 million in spending over the year. Cypher followed with $20.5 million, while the remaining platforms contributed smaller but steadily increasing volumes.
Market observers point to the surge as evidence that crypto is moving beyond experimental use into routine financial transactions. Polygon researcher Alex Obchakevich noted that rising spend volumes underline both rapid user adoption and the strategic role of crypto and stablecoins within Visa’s global payments ecosystem.
Visa’s expansion into stablecoins is expected to further accelerate this trend. The company now supports stablecoins across four blockchains and has launched a stablecoin advisory team to help banks, merchants, and fintechs deploy and manage stablecoin products. These moves aim to make blockchain-based payments more accessible for both retail and institutional clients.
The rise in crypto card usage coincides with record-level stablecoin activity worldwide. According to Bridge and Chainalysis data, total stablecoin transaction volumes surpassed $2.5 trillion in 2025, with USDT and USDC continuing to dominate, though smaller tokens such as EURC, PYUSD, and DAI also saw significant growth.
Analysts note that crypto cards are uniquely positioned to bridge the gap between digital assets and everyday financial activity. By linking cryptocurrencies to familiar payment networks such as Visa, users can spend digital assets directly at merchants without needing to navigate exchanges or complex wallets.
This convenience, combined with growing regulatory clarity across key markets, reduces friction and builds trust among consumers and institutions alike. Meanwhile, increasing participation from banks, fintechs, and institutional players provides both credibility and liquidity, reinforcing the infrastructure needed for wider adoption.
Together, these factors are creating a clear path for cryptocurrencies to move from speculative investment tools to routine instruments for payments, remittances, and other financial transactions.
