Visa-linked crypto cards saw a sharp rise in spending in 2025, with total usage climbing more than fivefold over the year.
Data from Dune Analytics shows that net spending across six major crypto cards issued in partnership with Visa increased from $14.6 million in January to $91.3 million by the end of December, marking a 525% increase.
The cards are offered by a mix of crypto payments platforms and decentralized finance projects, including GnosisPay, Cypher, EtherFi, Avici Money, Exa App, and Moonwell.
EtherFi’s Visa-backed card led the group by a wide margin, recording $55.4 million in total spending during the year. Cypher ranked second with $20.5 million, according to the data.
Industry observers say the growth highlights accelerating adoption of crypto-linked payment cards and their growing role in everyday transactions. Polygon researcher Alex Obchakevich said the figures point to crypto and stablecoins becoming an increasingly important part of Visa’s global payments network.
“Rising spending volumes show that crypto is moving beyond experimentation and being used for real-world payments,” he said in a post on X.
Looking ahead, Visa appears positioned to expand its crypto card business further in 2026 as it increases its focus on stablecoins. The payments giant currently supports stablecoins across four blockchains and has stepped up partnerships and infrastructure efforts aimed at both retail and institutional users.
In December, Visa also launched a dedicated stablecoin advisory team to help banks, merchants, and fintech companies develop and manage stablecoin-based products.
Featured image from: cointelegraph.com