
Crypto-Linked Cards’ Monthly Payment Volume Surges 230% to $7.8 Billion, Visa Leads
Key Takeaways
- Crypto-linked card volume surged 230% year over year.
- Adoption accelerated in 2026 due to stablecoins as a payment rail.
- Cumulative crypto card volume tracked from 2023 to 2026.
Crypto cards surge
Crypto-linked debit and credit cards saw monthly payment volume surge about 230% over last year, with cumulative volume on crypto-linked payment cards reaching $7.8 billion this month, according to The Kobeissi Letter as cited by Cointelegraph.
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Visa is capturing about 90% of crypto card transactions through partnerships with onchain native companies like Jupiter Global, analysts at The Kobeissi Letter said.

The Kobeissi Letter added that “Crypto card adoption has rapidly accelerated in 2026 due to growing access to stablecoins as a payment rail through crypto cards.”
Bitget’s Cointelegraph-linked writeup also notes that OKX launched a stablecoin payments card for customers in Europe in January 2026, operating on the Mastercard network.
In January, OKX data showed grocery store purchases accounted for about 26% of all OKX card transactions, while restaurants accounted for 18% of the total transaction volume.
Stablecoins and spending
The Kobeissi Letter said the acceleration is driven by stablecoins as a payment rail, adding: “more people can now spend stablecoins like fiat by using crypto cards, further driving adoption.”
The same Cointelegraph-linked coverage frames the growth of crypto payment cards as integration into the traditional financial system, stating it is happening “without displacing incumbent payment providers like Mastercard and Visa.”

OKX’s January 2026 spending mix put online shopping as the third-biggest category at about 13% of the total transaction volume for the month.
The OKX team said, “When crypto pays for lunch, payment adoption is real,” and argued that earlier criticism focused on a lack of everyday utility.
In March, Visa and Bridge, a fintech company owned by payments company Stripe, announced plans to roll out stablecoin-linked payment cards in over 100 countries, with 18 countries initially supported including Argentina, Colombia, Ecuador, Mexico, Peru and Chile.
Ethereum downside bets
Separate crypto coverage points to bearish sentiment for Ethereum, with Polymarket assigning a 56% chance of ETH dropping below $2,000 by month-end.
“Cumulative crypto card volume between 2023 and 2026”
The same report says Ethereum trades at $2051.61 while price action tests the lower Bollinger band support at $2052.84.
It also states that “MACD registers a clear death cross at -11.55,” describing momentum loss on the 4h chart.
The piece adds that RSI at 36.69 “stays neutral and leaves room for further selling pressure,” while EMA50 resistance at $2112.16 and EMA200 at $2206.62 cap any bounce.
Overall, the report concludes that the confluence points to a likely retest of sub-$2,000 levels before any sustained recovery attempt.
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