Spending on Visa-issued crypto cards increased 525% in 2025, according to Dune Analytics, with net spend rising from $14.6 million in January to $91.3 million by year-end. The data covers six crypto cards issued through partnerships with blockchain and DeFi projects, reflecting a sharp acceleration in crypto-linked consumer payments.
EtherFi led all issuers with $55.4 million in total spending, followed by Cypher at $20.5 million. Other contributors included cards from GnosisPay, Avici Money, Exa App, and Moonwell. The figures suggest crypto cards are gaining traction beyond niche use cases, particularly for stablecoin-based transactions.
The growth aligns with Visa’s broader push into stablecoin infrastructure. The payments firm now supports multiple blockchains and has expanded partnerships aimed at banks, fintechs, and merchants, signaling deeper integration of digital assets into traditional payment rails.
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