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- Visa-issued crypto card spending surged 525% in 2025 as user adoption accelerated.
- EtherFi led Visa’s crypto card network with $55.4M in annual transaction volume.
- Stablecoin activity hit record highs, with USDT and USDC driving trillion-dollar flows.
Spending through Visa-issued crypto cards grew sharply in 2025. The increase marked a major shift in how users handle digital assets for everyday payments. Data shows that net transaction volume rose 525% over the year. The rise highlights stronger engagement with crypto-linked financial products. It also signals expanding use of blockchain-based tools within traditional payment systems.
According to the data from Dune Analytics, six cryptographic cards that Visa partnered with experienced high growth. The net spending increased to $91.3 million as compared to January at $14.6 million. Platforms like GnosisPay and Cypher connect these cards. Decentralized finance projects EtherFi, Avici Money, Exa App, and Moonwell also issue them.
EtherFi declared the largest volume out of all issuers. Currently, the Visa-backed card from EtherFi has experienced a total spending amount of $55.4 million in 2025. Cypher trailed behind with $20.5 million. The other cards had modest yet consistent gains during the year.
Visa Expands Stablecoin Support as On-Chain Payments Accelerate
Analysts pointed out that the numbers indicate that there is shifting behavior among crypto users. They claimed that the increase in the level is evidence of a greater comfort in spending digital assets on normal expenses. The trend was pointed out by the polygon researcher Alex Obchakevich on X. He asserts that the data demonstrates the rapid acceptance and growing significance of stablecoins in the Visa payment system.
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He also stated that the higher spending suggests crypto is moving beyond early testing phases. The shift indicates more regular financial use. He said this movement could build further as Visa continues expanding support for blockchain-based products.
Visa is now accepting stablecoins on four blockchains. The payments company has also increased its partnership, seeking to enhance access for both retail and institutional customers. In December, Visa formed a stablecoin advisory team. The group aims to support the development and operation of stablecoin-based services in banks, merchants, and fintech companies.
Stablecoin Transaction Volumes Surge to Record Levels
The activity of the stablecoin also rose sharply. Bridge, a payments platform, reported that there was over $2.5 trillion in transaction volume for stablecoins. The total supply reached an all-time high due to the expansion of Tether USDT. The data indicate overall expansion in the industry.
Chainalysis has provided further information. From June 2024 through June 2025, USDT had over $1 trillion in monthly transactions. The highest monthly volume reached $1.14 trillion in January 2025. USDC also registered high activity. It had a monthly volume of between 1.24 trillion and 3.29 trillion.
Chainalysis data also reflects an increase in interested actions in smaller stablecoins. EURC, PYUSD, and DAI accrued significant growth. The monthly volume of EURC rose by approximately $47 million, up to over $7.5 billion in a year. Analysts opined that the trend suggests that the market of stablecoins is growing in a variety of use cases and regions.
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