What to know:
- Crypto card deposits exceeded $10 billion mark, growing 82% YTD and almost 250% YoY, as stablecoin payments keep growing.
- Open USD, which is supported by Visa, Mastercard, and 140+ companies, seeks to build out global stablecoin payments infrastructure.
- Month-over-month on-chain card transactions rose to $833 million in May from $607 million in March and now show an annualized spending of close to $18 billion.
Crypto card deposits surpassed $10 billion for the first time, marking a significant milestone for digital asset payments as stablecoin adoption continued expanding globally. Deposits jumped 82% year-to-date and 250% year-over-year thanks to increasing demand of consumers for blockchain payments and cryptocurrency usage.
The most part of the growth was driven by the increasing popularity of stablecoins pegged to US Dollar that help making domestic and international payments easier, cheaper, and faster compared to traditional payment systems.
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Crypto Card Deposits Gain Momentum Through Stablecoin Expansion
According to data provided by AlphaWire, the Crypto Card Deposits milestone took place along with the launching of Open USD stablecoin that is supported by Visa, Mastercard, and a group of more than 140 companies.
The project’s goal is to enhance payments infrastructure, improve its interoperability and increase the utility of stablecoins, thereby helping to connect blockchain with the global payment infrastructure.
In addition, on-chain payments providers noted an increased activity of their customers. Jupiter Mobile reported 65% month-over-month rise in crypto card users’ numbers and expansion of its service across more than 60 countries. The localization of payment systems and use of QR codes has helped to make the process of payment more convenient.
The $10 billion milestone occurred after a few months of consistent growth rather than after a sudden increase in the number of crypto card deposits. In particular, crypto card deposits approached $9.9 billion by mid-June 2026. Month-over-month on-chain card transactions have grown from $607 million in March to $833 million in May and annualized spending is close to $18 billion.
Crypto card spending has surged from approximately $100 million per month in 2023 to more than $1.5 billion monthly by late 2025, reflecting a 106% compound annual growth rate (CAGR), according to crypto analyst Donnie.
Crypto Card Deposits Highlight Broader Digital Payment Adoption
Industry analysts consider these numbers as an evidence that stablecoins are developing into payment instruments rather than just trading assets. In contrast to volatile cryptocurrencies, stablecoins have stable prices, which means that their holders can make purchases without facing price swings and merchants will continue receiving their payments via the existing infrastructure of Visa and Mastercard.
These latest trends prove the increasing adoption of stablecoins by financial institutions, merchants, regulators, and payment providers. With the further growth of transactions volume and payment infrastructure, industry participants are optimistic about growing importance of digital asset payments in global commerce.
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