Visa-Issued Crypto Card Spending Surges 525% in 2025 as Stablecoins Gain Traction
Visa's crypto-linked payment products saw explosive growth in 2025, with annual transaction volume skyrocketing 525% to $91.3 million by December. The surge reflects accelerating mainstream adoption of digital assets for everyday commerce.
EtherFi dominated the Visa-partnered crypto card market with $55.4 million in spend—nearly triple its closest competitor Cypher ($20.5 million). Smaller players like GnosisPay and Moonwell showed consistent monthly growth, suggesting broadening consumer acceptance.
The data coincides with Visa's quiet expansion of stablecoin infrastructure, positioning the payments giant as a bridge between traditional finance and blockchain ecosystems. Polygon researcher Alex Obchakevich noted the trend signals a fundamental shift: 'We're moving from speculative trading to utility-based crypto economies.'