Digital asset funds accelerated in 2025 as a surge in visa crypto card spending highlighted how blockchain-based cash is transferring into on a regular basis monetary life.
Visa-backed crypto playing cards file 525% surge in 2025
Knowledge from Dune Analytics reveals internet spending throughout six Visa-backed crypto playing cards rose sharply throughout 2025. Whole internet spend climbed from $14.6 million in January to $91.3 million by December, marking a 525% annual improve. Furthermore, this soar indicators rising shopper confidence in utilizing crypto-linked playing cards for routine funds moderately than solely speculative publicity.
These playing cards, related to Visa‘s international community, enabled customers to spend digital property at acquainted retailers. Nevertheless, the speedy acceleration in quantity suggests a structural shift, as extra holders deal with crypto balances as a spendable medium for each day bills. This pattern aligns with the broader push to combine blockchain property into mainstream fee rails.
EtherFi leads Visa-linked crypto card spending
The six tracked playing cards had been issued by GnosisPay, Cypher, EtherFi, Avici Cash, Exa App, and Moonwell. Amongst these, EtherFi dominated total spending all through 2025. Its Visa-backed card generated $55.4 million in annual spend, outpacing all opponents by a large margin and setting the benchmark for the section.
Cypher ranked second with $20.5 million in yearly spending, whereas the remaining playing cards posted smaller however steadily rising volumes. That mentioned, the distribution of exercise signifies customers persistently favored platforms that mix robust liquidity, dependable infrastructure, and broad service provider acceptance. EtherFi’s place underscores the significance of easy consumer expertise and instantaneous card usability.
From speculative holding to on a regular basis transactions
Spending patterns throughout these playing cards recommend a transparent shift away from pure speculative holding towards transactional use of digital property. Cardholders more and more used crypto balances to pay for groceries, journey, and on-line purchases. Furthermore, this conduct reveals that on-chain wealth is starting to circulation extra frequently into the actual economic system via fee playing cards.
By linking crypto wallets to Visa rails, issuers decreased friction at checkout. Customers may pay retailers in acquainted currencies whereas funding the transaction with digital property behind the scenes. Nevertheless, this mannequin nonetheless is dependent upon strong conversion, compliance, and settlement programs, which card packages and fee networks have been constructing out aggressively since 2024.
Visa’s stablecoin technique underpins card development
Visa’s stablecoin technique performed a central function within the 2025 rise in crypto card utilization. The funds group expanded stablecoin help throughout 4 blockchains, focusing on quicker settlement and simplified cross-border funds. Furthermore, Visa deepened its work with fintech companies and blockchain tasks round infrastructure, compliance, and funds entry, broadening the bottom of potential stablecoin customers.
In November 2025, Visa collaborated with Aquanow to extend stablecoin settlement in Central and Japanese Europe, the Center East, and Africa (CEMEA). Then, in mid-December, Visa launched a stablecoin advisory crew to assist banks, retailers, and fintechs design, deploy, and handle stablecoin-based merchandise. That mentioned, the agency framed these strikes as a part of a long-term push into programmable cash and blockchain-enabled settlement.
As stablecoins turn out to be extra deeply built-in into fee flows, visa crypto card packages acquire stronger operational help. Individually, a Visa card was launched that enables USDT spending instantly from self-custody wallets, with out preloading or custodial providers. This construction reduces intermediaries within the fee course of whereas holding the acquainted shopper card expertise intact.
Stablecoin quantity and provide hit file ranges
The rise in crypto card spending coincided with a lot broader development within the stablecoin market. Knowledge from Bridge reveals whole stablecoin transaction quantity surpassed $2.5 trillion through the 12 months, whereas total stablecoin provide reached file highs. Furthermore, each metrics spotlight how dollar-pegged tokens and different asset-backed cash have gotten key rails for digital funds.
Between June 2024 and June 2025, USDT recorded month-to-month transaction exercise that peaked in January 2025 at $1.14 trillion. USDC additionally noticed heavy use, with month-to-month volumes reported between $1.24 trillion and $3.29 trillion. Nevertheless, the market was not restricted to the 2 largest greenback tokens, as extra specialised property gained floor.
EURC, PYUSD, and DAI skilled rising adoption in focused segments and regional markets. EURC’s month-to-month quantity, for instance, grew from about $47 million to over $7.5 billion inside one 12 months. That mentioned, these property typically serve area of interest roles, together with euro liquidity, compliance-focused settlements, or decentralized finance integrations.
Outlook for crypto-linked fee playing cards
The mixed rise in stablecoin utilization and crypto card transactions means that digital property are transferring nearer to mainstream funds. As Visa and its companions refine infrastructure, extra customers might deal with blockchain-based balances as spendable cash as a substitute of purely speculative positions. Furthermore, continued development in EtherFi and different card packages will doubtless push opponents to improve their choices.
Trying forward, the problem can be scaling compliance, danger administration, and consumer safety with out undermining the effectivity positive factors of blockchain settlement. Nevertheless, the 525% spending improve in 2025 reveals there’s clear demand for crypto-funded playing cards that really feel like conventional fee instruments whereas working on new rails.