Visa Crypto Card Spending Surges 525% in 2025 with EtherFi Leading the Market

• Visa crypto card spending surged in 2025 showing growing use of digital assets for everyday payments worldwide.

• EtherFi led all Visa backed crypto cards as users favored practical tools over long term asset holding.

• Stablecoin growth strengthened crypto card adoption by linking blockchain assets with trusted payment networks.

Visa-linked crypto cards recorded strong growth in 2025, signaling broader use of digital assets for everyday payments worldwide globally.

. @Visa continues its expansion into crypto, steadily increasing spend volume through crypto cards such as @gnosispay, @ether_fi cash, @Cypher_HQ_, @AviciMoney, @Exa_App, @MoonwellDeFi card, and others.

Looking at the analytics for 6 crypto cards on Visa, we can see rapid… pic.twitter.com/Z5JzpBggI9

— Alex (@obchakevich_) January 4, 2026

Data from Dune Analytics shows net spending across six Visa-backed crypto cards rose sharply during the year. Total net spend increased from $14.6 million in January to $91.3 million by December. This change represents a 525% annual rise. The figures reflect expanding consumer comfort with crypto-linked cards for routine purchases.

EtherFi Leads Spending Volumes

The six tracked cards came from GnosisPay, Cypher, EtherFi, Avici Money, Exa App, and Moonwell. Among them, EtherFi dominated overall spending throughout 2025. EtherFi’s Visa-backed card generated $55.4 million in annual spend. This total exceeded all competitors by a wide margin.

Cypher ranked second with $20.5 million in yearly spending. The remaining cards posted smaller volumes, although activity increased steadily over time. This distribution suggests users favored platforms offering reliability, liquidity, and broad merchant acceptance.

Spending patterns also indicate a shift from speculative holding toward transactional use. Crypto holders increasingly used cards for groceries, travel, and online purchases. Linking wallets to Visa rails reduced friction at checkout. As a result, crypto spending blended more easily into daily financial behavior.

Visa Expands Stablecoin Infrastructure

Visa’s stablecoin strategy supported the rise in card usage during 2025. The payments firm expanded stablecoin support across four blockchains. This approach improved settlement speed and reduced cross-border complexity.

Visa also expanded its collaboration with fintech companies and blockchain projects. These collaborations were based on infrastructure, compliance and access to payments. Retail users and institutions both gained broader access to stablecoin-based payments. Moreover, in November, Visa collaborated with Aquanow to increase stablecoin settlement in Central and Eastern Europe, the Middle East, and Africa (CEMEA).

In mid-December, Visa launched a stablecoin advisory team. The team assists banks, merchants, and fintech firms with stablecoin product deployment and management. This initiative reinforced Visa’s focus on programmable money and blockchain settlement.

As stablecoins integrate deeper into payment flows, crypto cards gain stronger operational backing. This alignment strengthens trust between digital assets and traditional payment systems. Truther also launched a Visa card allowing USDT spending directly from self-custody wallets, without preloading or custodial services.

Stablecoin Usage Adds Market Context

The rise in crypto card spending occurred alongside wider stablecoin growth. Bridge data shows total stablecoin transaction volume surpassed $2.5 trillion. Overall stablecoin supply also reached record highs during the year.

Between June 2024 and June 2025, USDT made over a million dollars monthly transactions. The highest activity was experienced in January 2025 at $1.14 trillion. USDC also recorded heavy usage, ranging from $1.24 trillion to $3.29 trillion monthly.

EURC, PYUSD, and DAI saw rising adoption in specialized markets. EURC’s monthly volume grew from about $47 million to over $7.5 billion within one year.