Crypto card spending just blew past $10 billion in cumulative volume. As of June 17, 2026, the number sat at $9.898 billion — close enough to smell it. The $10 billion mark crossed shortly after mid-June, according to data from paymentscan.xyz. That’s not a rounding error. That’s a milestone.
The year-to-date growth rate hit 82%. Monthly volumes jumped from $271 million in May 2025 to $833 million in May 2026. That’s a 180% year-over-year increase. In one year. For context, peer-to-peer stablecoin transfers grew about 5% over the same stretch. So yeah, crypto cards are eating that lunch.
Monthly crypto card volume jumped 180% year-over-year. Peer-to-peer stablecoin transfers grew 5%. Crypto cards are eating that lunch.
The compound annual growth rate sits at 106%. This whole thing started at roughly $100 million monthly in early 2023. By late 2025, monthly spend had climbed to around $1.5 billion. That puts the annualized run-rate at roughly $18 billion. The growth has topped 100% year-over-year consistently throughout 2025 and 2026. Traditional payments infrastructure took decades to build numbers like this. Crypto cards are doing it in quarters.
Monthly records kept falling too. March 2026 hit $607 million — a sixfold jump from 18 months prior. Then May 2026 blew past $800 million, setting a new all-time high. The previous record was January 2026 at just over $550 million. Records are apparently suggestions at this point.
Visa owns this space. The network controls over 90% of on-chain crypto card transaction volume, with early 2026 data showing Visa carrying 97% of specific tracked transactions. Mastercard supports more than 130 crypto card programs but holds a much smaller share. Visa’s push into stablecoin-linked issuance and settlement is a big reason why its dominance keeps growing. The network handles the bulk of the $6.5 billion in cumulative tracked spending. Visa’s stablecoin-linked card spend reached a $3.5 billion annualized run rate in Q4 2025, underscoring how deeply embedded it has become in the stablecoin payments ecosystem.
Stablecoins are the real engine here. Tether accounts for 72% of total crypto card payment volume. USDC holds another 18%. Together, they cover 90% of all on-chain crypto card activity. The reason is simple — stablecoins settle fast and cheap. That combination makes them the obvious choice for everyday card transactions. Notably, payment volumes surged following the GENIUS Act being signed into law last July, adding regulatory clarity that accelerated adoption. Stablecoins also enable fast, low-cost payments by bypassing traditional banking networks, making them a natural fit for card-based spending at scale.
Previous cumulative milestones included $7.8 billion in May 2025 and $9 billion in May 2026. The jump from $9 billion to $10 billion happened in roughly a month. That’s acceleration, not just growth. The numbers are moving faster now than they ever have. And there’s no sign they’re slowing down.
