The monthly transaction volume on crypto-linked payment cards has surged by approximately 230% compared to the previous year, with cumulative volume hitting $7.8 billion. This notable increase reflects the growing integration of digital assets into everyday spending, particularly through the use of stablecoins as a payment method.
Visa dominates this market, processing about 90% of crypto card transactions through collaborations with blockchain-native companies such as Jupiter Global. Jupiter Global, built by the team behind the decentralized Jupiter exchange on Solana, exemplifies new payment projects leveraging crypto rails to facilitate seamless on-chain spending.
The rapid growth in crypto card adoption is largely attributed to enhanced access to stablecoins, which enable users to spend these digital currencies much like traditional fiat money. This development helps bridge the gap between cryptocurrencies and established financial systems, supporting incumbent payment providers like Visa and Mastercard rather than replacing them.
Several crypto exchanges and fintech companies have launched or plan to launch stablecoin-based payment cards internationally. OKX introduced a stablecoin payment card on the Mastercard network for European customers, witnessing strong usage in everyday categories: grocery store purchases accounted for over a quarter of transactions, followed by restaurants and online shopping.
In a broader expansion effort, Visa and fintech firm Bridge, owned by Stripe, announced plans to deploy stablecoin-linked cards across more than 100 countries. The initial rollout covers Latin American countries including Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, with a global expansion targeting the Asia-Pacific, Africa, and Middle East regions by the end of the year.
This surge underscores the increasing acceptance of crypto assets for everyday use, moving beyond speculation to practical payment solutions.