Crypto Card Spending Surges 500% to $600 Million Monthly, Visa Captures 90% Share

Crypto card spending volume has surged 500% since September 2024 to roughly $600 million per month. Visa (V) processes 90% of those on-chain transactions.

The data marks a sharp shift in how stablecoins reach consumers, moving from wallet balances into everyday spending. Stablecoin-linked card programs now rank among the fastest-growing businesses on public blockchains.

Visa Anchors Stablecoin Card Growth

Visa has built its lead through partnerships with crypto-native infrastructure providers, reducing reliance on traditional sponsor banks.

The strategy mirrors its Bridge stablecoin card rollout, which expands to new regions through 2026.

Meanwhile, partner programs such as Wirex push stablecoin payouts to billions of cards via Visa Direct. Visa processed roughly 97% of crypto card volume in March.

Jupiter and the Distribution Pitch

Newer entrants are also stretching the cashback model. Among them is Jupiter’s Solana-based Visa card. The product returns 4% to 10% cashback by tier and posted 660% month-over-month volume growth in April. Rewards are paid in stablecoins rather than airline points.

Tron founder Justin Sun framed the trend as the next phase of stablecoin distribution. His comment echoed earlier stablecoin policy remarks.

“Crypto cards are not a trend. They are the next evolution of distribution. Stablecoins have already moved beyond wallets into everyday spending at global scale. The next phase is seamless access. Digital assets integrated directly into how people pay, anywhere,” Justin Sun stated.

Separately, industry commentator Marty Party predicted Visa-issued stablecoin cards on Apple Pay and Android Tap will onboard 10 million users. He sees that happening before merchants adopt native stablecoin settlement.

The figures suggest stablecoins are competing for consumer wallets, not just on-chain liquidity.

Whether rival networks match Visa’s reach may decide if the debit card surge becomes a dominant crypto onramp.