Crypto Cards Expand to $18B Market in 2025

Artemis’s recent report highlights that crypto card payments have surged to over $1.5 billion monthly by late 2025, equating to an estimated annual market size of $18 billion, primarily in regions like India and Argentina.

The exponential growth of crypto card spending indicates increasing consumer demand for stablecoin transactions in everyday life, especially as it leverages the vast Visa and Mastercard networks.

Artemis, a leading platform for digital finance data, conducted the analysis. By late 2025, the crypto cards market showed a remarkable growth trajectory from a modest $100 million monthly spending in early 2023.

“The growth in crypto card spending reflects a shift in consumer behavior, especially in emerging markets, indicating a strong demand for stablecoin utilization in everyday transactions.” – David Jones, Analyst, ForkLog

Major players include traditional exchanges and crypto wallets like Coinbase, MetaMask, and newer full-stack issuers like Rain. They enhance stablecoin utilization across more than 150 million merchant locations globally.

The surge in crypto card usage significantly impacts emerging markets like India and Argentina, where stablecoin transactions help hedge against currency volatility. Over 90% of on-chain volume is processed by Visa, highlighting their pivotal role.

Financially, the jump to $1.5 billion monthly signifies a sharp rise in consumer embrace of digital currencies for regular purchases, contrasting the more static growth in peer-to-peer stablecoin transfers.

The report suggests potential implications for regulatory frameworks, as governments and financial institutions adjust to the burgeoning crypto economy. Usage patterns, supported by on-chain data, signal a continuing trend in digital currency adoption for personal expenditures.

Artemis shares insights in their report, noting, “BREAKING: We just published the most comprehensive report on crypto cards in the industry. Not because it’s a niche. But because it quietly became an $18B market. In early 2023, crypto cards were doing ~$100M per month. Today, they’re doing >$1.5B.”