Crypto Card Spending Reaches About $600 Million a Month Since September 2024

An Intel report says crypto-linked card spending has surged 500% since September 2024, with stablecoin-linked cards growing quickly and Visa handling roughly 90% of transactions.

Summary

Crypto card spending has climbed about 500% since September 2024 to roughly $600 million per month, according to the source. The report highlights strong growth in stablecoin-linked cards, a segment that lets users spend tokens designed to track fiat currencies. Visa, one of the world’s largest payments networks, accounts for about 90% of the transactions mentioned, underscoring how traditional payment rails remain central to crypto spending products.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, usually by tracking a fiat currency such as the U.S. dollar.
  • Crypto-linked card: A payment card that allows users to spend cryptocurrency balances or crypto-funded accounts through traditional card networks.
  • Payment rails: The financial infrastructure and networks that process and settle electronic transactions between consumers, merchants, and institutions.