Investments linked to crypto asset cards have, for the first time, surpassed the $10 billion mark. Data reveals that this remarkable growth in the sector has accelerated especially due to the rapid adoption of dollar-pegged stablecoins. Since the start of the year, the increase has reached 82 percent, with an astonishing 250 percent jump year over year.
Stablecoins take center stage in market expansion
The lion’s share of this market expansion is being driven by the surging use of stablecoins pegged to the US dollar. These digital assets are increasingly favored for both domestic and cross-border payments, offering faster transaction times, lower costs, and unprecedented convenience compared to traditional payment systems.
According to AlphaWire, the $10 billion milestone was reached during the rollout of the Open USD stablecoin initiative, which is backed by Visa, Mastercard, and over 140 other companies. This project aims to reinforce payment infrastructure, enhance interoperability between different payment networks, and broaden the practical adoption of stablecoins.
Mini glossary: Open USD is a stablecoin initiative supported by payment providers and organizations from various industries, with a goal to popularize the use of US dollar-pegged digital assets. Interoperability refers to the ability of different payment and blockchain systems to operate seamlessly together.
Companies offering on-chain payment services have also witnessed a clear increase in user activity. Jupiter Mobile reported a 65 percent month-on-month surge in crypto card users and has now extended its service network to over 60 countries. The adoption of localized payment solutions and QR code technology has made payment processes even more user-friendly and accessible.
Where crypto card spending hovered around $100 million per month in 2023, this figure soared to over $1.5 billion monthly by late 2025. The compounded annual growth rate hit 106 percent, and crypto cards can no longer be considered a niche product category.
Steady growth instead of short-lived spikes
The jump past $10 billion was not the result of a single surge, but instead reflected sustained growth over several months. By mid-June 2026, investments in crypto cards had approached $9.9 billion. On-chain card transaction volumes advanced from $607 million in March to $833 million by May, putting the annualized spending figure close to $18 billion.
| Indicator | Level |
|---|---|
| Year-to-date growth | 82% |
| Annual growth | 250% |
| March 2026 on-chain card transactions | $607 million |
| May 2026 on-chain card transactions | $833 million |
| Annualized spending | Nearly $18 billion |
Crypto analyst Donnie highlighted the shift, noting that while monthly crypto card spending hovered at $100 million in 2023, it surpassed $1.5 billion by the end of 2025. This picture underscores the industry’s staggering compounded annual growth rate of 106 percent.
Wider transformation in digital payments underway
Industry analysts note that the latest data shows stablecoins evolving from mere trading instruments into mainstream payment methods. Unlike volatile cryptocurrencies, stablecoins offer consistent value, minimizing the risk of sudden price swings during everyday transactions. This allows businesses to continue processing payments using familiar Visa and Mastercard infrastructure.
Analysts emphasize that these figures point to a widening adoption of stablecoins among financial institutions, businesses, regulators, and payment service providers.
If transaction volumes and payment infrastructures continue to expand, digital asset payments could assume a much larger role in global commerce. Recent developments indicate that both crypto cards and stablecoin-based payment solutions are rapidly reaching a broader user base.
