Visa-Backed Crypto Card Spending Surges 525% in 2025

Consumer spending on Visa-backed cryptocurrency cards surged by 525 percent in 2025, rising from 14.6 million dollars in January to 91.3 million dollars by December, according to data compiled by Dune Analytics. The growth spanned six card programs issued by cryptocurrency payment platforms and decentralized finance projects, including EtherFi, Cypher, GnosisPay, Avici Money, Exa App, and Moonwell, reflecting increasing integration of digital assets into everyday transactions.

EtherFi's card program dominated the activity, recording 55.4 million dollars in total spending over the year, which accounted for more than half of the combined volume across all programs. Cypher ranked second with 20.5 million dollars, while the remaining issuers posted smaller but consistent increases throughout the months. Monthly spending climbed steadily without major fluctuations, a pattern analysts attribute to routine consumer usage rather than isolated events or promotional spikes.

The cards allow users to pay directly from cryptocurrency wallets at traditional points of sale by converting digital assets, such as stablecoins, to fiat currency in real time through Visa's global merchant network....