Spending on Visa issued crypto cards increased by 525 per cent in 2025, according to data from Dune Analytics which reveals the total spending rose from $14.6 million in January to $91.3 million by December.
The growth was driven by six crypto cards issued through partnerships between Visa and blockchain projects. These included Gnosis Pay, Cypher, EtherFi, Avici Money, Exa App, and Moonwell, all of which allows end users to spend crypto assets directly.
EtherFi led the six with $55.4 million in annual spending, while Cypher followed with $20.5 million. Together, the two cards accounted for the bulk of the increase.
Unlike other traditional exchange linked cards, these products are connected to decentralised finance protocols, enabling users to spend stablecoins and other on-chain assets.
Stablecoins powered most of the transactions, offering price stability and instant conversion to fiat currency at the point of sale.
Polygon researcher Alex Obchakevich, who built the Dune Analytics dashboard, stated on X, that the figures shows not only the fast adoption of crypto cards among users, but also the importance of crypto and stablecoins global payment ecosystem for Visa.
He added that the rising spending shows crypto has evolved into a fully fledged tool for everyday financial transactions.
Visa has expanded its stablecoin support across four blockchains and, in mid-December, launched a dedicated advisory team to help banks, merchants, and fintech firms integrate stablecoin payments.
The figures cover only six cards, but analysts say overall market activity will likely be higher in the coming months.
