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Visa crypto card activity surged throughout 2025, marking a decisive shift in how digital assets are used for real-world payments.
According to data published by Dune Analytics, net spending across select Visa-issued crypto cards climbed from $14.6 million in January to $91.3 million by the end of December, representing a 525% increase over the year.
The growth highlights rising consumer adoption of crypto-linked payment tools and reflects Visa’s expanding role in bridging traditional payments with blockchain-based finance.
The Visa crypto card surge occurred globally over the course of 2025 and was driven by cards issued through partnerships between Visa and several blockchain and decentralized finance projects.
The data suggests that crypto payments are no longer confined to experimentation, but are increasingly being used for routine transactions such as retail purchases and online payments.
The Dune Analytics dataset tracked six Visa-issued cards launched in collaboration with crypto-native platforms, including GnosisPay, Cypher, EtherFi, Avici Money, Exa App, and Moonwell.
Collectively, these products accounted for the sharp rise in Visa crypto card spending over the year, with consistent month-on-month growth culminating in a strong finish in December.
Among the six, EtherFi’s card dominated usage. The EtherFi-linked Visa crypto card recorded $55.4 million in total spending during 2025, far ahead of its nearest competitor, Cypher, which logged $20.5 million.
The remaining platforms contributed smaller but steadily growing volumes, underscoring a widening base of users rather than reliance on a single product.
“This figures demonstrate not only the fast adoption of crypto cards among users but also the strategic importance of crypto and stablecoins for Visa’s global payment ecosystem,” — @obchakevich_, Polygon researcher, wrote on X.
The data indicates that Visa crypto card adoption is being driven by user demand for seamless conversion between digital assets and fiat-denominated payments. For many users, these cards function as a practical on-ramp, allowing crypto balances to be spent wherever Visa is accepted.
Beyond raw spending figures, the scale of the increase points to a broader behavioral change. The rise in Visa crypto card usage coincided with growing comfort around stablecoins and decentralized finance products, particularly among users seeking alternatives to traditional banking rails.
“The increase in spend volume confirms that crypto is no longer just an experimental technology but a fully-fledged tool for everyday financial transactions,” — @obchakevich_, Polygon researcher, added.
The data also suggests that users are not merely holding crypto as an investment, but increasingly deploying it for consumption. Analysts note that such behavior typically emerges only when users trust both the payment rails and the underlying assets, a sign of growing maturity in the sector.
Looking ahead, Visa appears positioned to build on the momentum behind Visa crypto card adoption. The payments giant has expanded its stablecoin support to four blockchains and has increased partnerships aimed at integrating blockchain-based settlement into its existing infrastructure.
In mid-December, Visa launched a dedicated stablecoin advisory team focused on helping banks, merchants, and fintech companies launch and manage stablecoin products.
While the initiative is broader than card issuance alone, it directly supports the ecosystem that underpins Visa crypto card functionality, particularly for cards that rely on stablecoins to minimize volatility at the point of sale.
These moves suggest that Visa views crypto cards not as a niche offering, but as a strategic component of its long-term payments roadmap.
As stablecoins gain regulatory clarity and institutional acceptance, Visa crypto card usage could expand further in 2026, especially among cross-border users and digital-first consumers.
The 2025 data provides early evidence that crypto-linked cards can scale within existing payment networks. If current trends continue, the Visa crypto card may play a central role in normalizing crypto payments, transforming digital assets from speculative holdings into everyday spending tools.
