Consumer use of crypto-linked payment cards continued to gain momentum in 2026, following a sharp increase in spending volumes reported by Visa for 2025. Data from Dune Analytics shows that spending on Visa-backed crypto cards has steadily increased over the past year, representing significant growth.
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Across six crypto card programs partnered with Visa, total net spend increased from $14.6 million in January 2025 to $91.3 million in December. The increase represents a 525% jump over the year and reflects growing consumer comfort with paying directly from crypto wallets at traditional points of sale.
The cards are issued by a mix of crypto payment platforms and decentralized finance projects, including EtherFi, Cypher, GnosisPay, Avici Money, Exa App and Moonwell.
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EtherFi and Cypher lead the spend on Visa Crypto cards
Among the programs followed, EtherFi recorded the highest spending volume, accounting for $55.4 million in transactions in 2025.
That figure put it well ahead of Cypher, which ranked second with a total of $20.5 million. The remaining card issuers posted smaller but consistent increases, indicating broader participation across the ecosystem rather than growth driven by a single outlier.
The monthly spending data shows a gradual increase throughout the year, without major spikes or sharp reversals. Analysts say this pattern reflects routine use and not one-off events.
Commenting on the data, Polygon researcher Alex Obchakevich noted that spending on crypto cards is increasingly mirroring mainstream financial behavior, indicating that crypto-linked cards are moving beyond experimental use cases.
Visa is expanding its stablecoin infrastructure
Visa’s growing role in crypto payments is supported by its growing stablecoin infrastructure.
The payment company now makes this possible stable currency settlement across multiple blockchains, including Ethereum, Solana, Avalanche and Stellar. This setup allows card issuers to convert crypto balances to fiat in real time during transactions, while still relying on Visa’s global trading network.
In December 2025, Visa also launched a stablecoin advisory team focused on helping banks, merchants and fintech companies design and manage stablecoin-based products.
The initiative underlines Visa’s vision that blockchain-based settlement and programmable money are becoming increasingly relevant to mainstream payments.
Prospects for crypto card use in 2026
As spending volumes increase and infrastructure continues to grow, the use of crypto cards is expected to grow further in 2026. While volumes remain concentrated in the US, Europe and parts of the Asia-Pacific region, the steady increase suggests that consumer spending on crypto cards is becoming more common.
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How sustainable this trend will be may depend on broader market conditions and continued integration between crypto platforms and established payment networks.
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