Crypto-linked card payments have surpassed peer-to-peer (P2P) stablecoin transfers as the leading driver of on-chain stablecoin activity.<\/p>\n
A new study by blockchain analytics firm Artemis revealed that these transactions have quietly grown into an $18 billion market in 2025.<\/p>\n
The report showed<\/a> that stablecoin volumes processed through crypto cards now surpass direct wallet-to-wallet transfers.\u00a0Artemis data highlighted that monthly digital payments rose from $100 million to over $1.5 billion in 2025, representing an average annual growth rate of 106% since 2023. Total payments for the year also reached $18 billion, nearly matching the $19 billion in P2P stablecoin activity.<\/p>\n Cards have emerged as the main user-facing access point, with networks like Visa or Mastercard being used for acceptance, while stablecoins continue to serve as the settlement layer.<\/p>\n Visa dominates the segment, processing more than 90% of such transactions through early partnerships with crypto platforms and fintech issuers. Mastercard holds a smaller but rising share, expanding<\/a> through direct exchange partnerships with firms such as Revolut, Bybit, and Gemini.<\/p>\n Companies like Rain and Reap have also contributed to growth, offering full-stack card issuance and services that support customers and businesses.<\/p>\n The growth of crypto-linked payment cards is driven by three main incentives across the ecosystem. For CEXs and DeFi platforms, they are mainly used as a way to attract and retain customers.<\/p>\n By rewarding everyday spending with crypto, these platforms turn routine payments into long-term engagement. Gemini is a clear example; data shows that in Q3 2025, 56% of U.S. users were acquired through its credit card, and 75% of the total remained active by quarter\u2019s end.<\/p>\n Crypto-native wallets and fintech platforms issue cards for different reasons. For example, self-custodial wallets such as MetaMask and Phantom do not earn custodial revenue and rely heavily on cyclical income from swaps, bridging, and partnerships.<\/p>\n Therefore, payment cards provide a more stable income through interchange fees and subscriptions, while encouraging regular spending and reducing the number of people who leave.<\/p>\n Some wallets have gone further by launching<\/a> native stablecoins, such as MetaMask\u2019s mUSD and Phantom\u2019s CASH, designed specifically to fund their usage.<\/p>\n In emerging markets, these financial tools serve as infrastructure for accessing digital dollars. In India, where crypto flows exceed $338 billion, crypto-backed credit cards offer new opportunities in a market where UPI has commoditized debit. Also, in Argentina, where USDC accounts for 46.6% of stablecoin usage, debit cards are widely used as an inflation hedge.<\/p>\n On the other hand, in developed markets, they mainly target high-value stablecoin holders seeking convenient spending. The report concludes by noting that in the future, stablecoins will keep growing<\/a>, and crypto cards will scale with them.<\/p>\n The post Crypto Cards Gain Ground in Real-World Payments, Surging from $100M to $1.5B: Report<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto-linked card payments have surpassed peer-to-peer (P2P) stablecoin transfers as the leading driver of on-chain stablecoin activity. A new study by blockchain analytics firm Artemis revealed that these transactions have quietly grown into an $18 billion market in 2025. Crypto Card Payments Overtake P2P Transfers The report showed that stablecoin volumes processed through crypto cards […]<\/p>\n","protected":false},"author":0,"featured_media":128044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128043"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128043"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128044"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Adoption Incentives<\/h2>\n