Visa crypto card spending jumps 525% as everyday usage expands
Visa-issued crypto cards recorded a sharp surge in usage throughout 2025, with total net spending rising by 525% over the year.
Data from Dune Analytics shows that net spend across six Visa-partnered crypto cards grew from $14.6 million in January to $91.3 million by the end of December.
The cards are issued through a mix of crypto payment platforms and DeFi protocols, including GnosisPay, Cypher, EtherFi, Avici Money, Exa App, and Moonwell. The growth reflects increasing consumer comfort with spending crypto directly rather than converting to fiat first. Analysts say the data highlights how crypto cards are moving beyond niche usage into more regular payment behavior. The expansion also suggests that card-based rails remain a key bridge between crypto assets and everyday commerce.
EtherFi dominates spending among Visa-backed cards
Among the six tracked cards, EtherFi’s Visa card led by a wide margin, generating $55.4 million in total spending during 2025. That figure more than doubled the volume of Cypher, which ranked second with $20.5 million in net spend. Other issuers contributed smaller but steadily growing volumes, indicating broader ecosystem participation rather than a single outlier. Researchers noted that the dominance of EtherFi points to strong demand for cards tied to yield-generating or DeFi-integrated accounts.
According to Polygon researcher @obchakevich_, the rising spend volumes signal that crypto cards are no longer experimental tools. Instead, they are increasingly being used for routine transactions, reinforcing crypto’s role in day-to-day payments.
Visa doubles down on stablecoins and crypto payments
Looking ahead to 2026, Visa appears positioned to further expand its crypto card footprint as it accelerates its stablecoin strategy. The payments giant now supports stablecoins across four blockchains and has deepened partnerships aimed at improving on- and off-ramps for digital assets. In mid-December, Visa launched a dedicated stablecoin advisory team to help banks, merchants, and fintech firms design and manage stablecoin-based products.
This move underscores Visa’s view that stablecoins are becoming a core component of global payments infrastructure. Industry observers say tighter integration between stablecoins and card networks could drive higher transaction volumes next year. As crypto payments mature, Visa’s infrastructure may play a central role in scaling real-world usage.
Recently we wrote that Visa is turning to stablecoins as part of its latest effort to modernize international money transfers.
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