Crypto Card Spending Surges 500%: Visa Dominates 90% of On-Chain Purchases

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

Spending with crypto cards has increased dramatically – by 500% – since September 2024, now reaching around $600 million each month. Visa handles the vast majority – 90% – of these transactions that are recorded on the blockchain.

This data shows a significant change in how stablecoins are used – people are now using them for daily purchases instead of just holding them in digital wallets. Programs that let you spend stablecoins directly with a card are becoming some of the fastest-growing businesses on blockchain networks.

Visa Anchors Stablecoin Card Growth

Visa has become a leader in crypto payments by working directly with companies that build crypto infrastructure, rather than depending on traditional banks.

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

Companies like Wirex are using programs that allow them to send stablecoin payments to cards worldwide through Visa Direct. In March, Visa handled about 97% of all transactions made with crypto cards.

Jupiter and the Distribution Pitch

New companies are finding innovative ways to offer cashback rewards. For example, Jupiter’s Visa card, built on Solana, gives users 4% to 10% cashback depending on their spending level. In April, the card saw a huge increase in usage – a 660% jump from the previous month. Instead of traditional rewards like airline miles, users receive their cashback in stablecoins.

Justin Sun, the creator of Tron, described the recent activity as a new way stablecoins are being distributed. This statement aligns with his previous comments on stablecoin policies.

According to Justin Sun, crypto cards aren’t just a temporary fad – they represent the future of how digital currencies are used. Stablecoins are already being used for purchases worldwide, and the next step is making digital asset payments effortless and universally accessible, integrating them directly into everyday transactions.

Marty Party, a financial industry analyst, believes Visa-branded stablecoin cards used with Apple Pay and Google Pay could attract 10 million users before businesses start directly accepting stablecoins as payment.

I believe Visa’s prepaid stablecoin debit cards, usable with Apple Pay and Android Tap Pay, have the potential to bring the next 10 million people into the world of cryptocurrency. They act as a helpful connection between traditional financial payment systems and everyday retail payments. While they’re still developing, they should be fully established by 2027, and by 2028, merchants will…

— MartyParty (@martypartymusic) January 15, 2026

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

If other payment networks can achieve the same widespread access as Visa, it will likely determine whether the growing use of debit cards becomes the primary way people enter the cryptocurrency market.

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2026-05-01 13:45