Crypto Card Payments Hit Record $12.5 Billion as Stablecoin Adoption Surges
By Mathew Di Salvo
AI summary of the source article
Payment volume processed across crypto cards has climbed to a record $12.5 billion, marking a 140% rise year-to-date and a 247% increase compared to October 2025 levels, according to data from paymentscan.xyz cited by The Kobeissi Letter. The growth is fueled by stablecoins being used as payment rails and an ongoing push toward cheaper, faster cross-border transactions. Additionally, activated cards on Jupiter Spend increased 55% quarter-over-quarter due to QR-code spending demand. Industry expansion includes Fold Holdings rolling out its Bitcoin Credit Card via Stripe Issuing and Visa, while Aven introduced a card permitting bitcoin-backed borrowing up to $1 million.
Why it matters
The milestone highlights accelerating real-world utility for digital assets and stablecoins within traditional merchant payment networks. It also underscores how fintechs are bridging crypto assets with mainstream payment rails via partners like Visa and Stripe.
Key facts
- Crypto card payment volume reached a record $12.5 billion, up 140% year-to-date and 247% higher than October 2025.
- Activated cards on Jupiter Spend rose 55% quarter-over-quarter, driven by QR-code payment demand.
- Fold Holdings began issuing its Visa bitcoin credit card via Stripe Issuing, while Aven launched a card allowing loans up to $1 million against bitcoin collateral.