Crypto Card Market Surges 15x as Stablecoin Spending Climbs 106% Annually
The crypto payments sector is undergoing a seismic shift, with card transaction volumes skyrocketing from $100 million monthly in early 2023 to $1.5 billion by late 2025—a 106% compound annual growth rate that now rivals peer-to-peer stablecoin transfers. Artemis Analytics reports this explosive growth positions crypto cards as the dominant conduit between digital assets and mainstream commerce.
Annualized volumes have breached $18 billion, leaving traditional P2P transfers in the dust with mere 5% growth to $19 billion. Visa has cemented its dominance, capturing over 90% of on-chain card volume through strategic alliances with emerging program managers and full-stack issuers like Rain and Reap.
The infrastructure evolution is most pronounced at the issuer level, where companies holding direct Visa principal membership are rewriting the rulebook. This vertical integration collapses traditional dependencies, creating a leaner path from crypto wallets to point-of-sale terminals.
