Crypto Card Payments Surge to $12.5 Billion Amid Stablecoin Growth

Crypto card payments have reached a record high of $12.5 billion as of October 2026, marking a 140% increase year-to-date and a 247% rise compared to October 2025. This surge is primarily driven by the growing use of stablecoins as a payment method and the demand for more efficient, cost-effective cross-border transactions. According to data from paymentscan.xyz, shared by The Kobeissi Letter, the rise in crypto card usage highlights the next phase of crypto adoption.

QR-code payments have also played a significant role in this growth. Demand for QR-based spending has pushed the number of activated cards on Jupiter Spend, a major on-chain card provider, up by 55% quarter-over-quarter. This trend underscores the increasing integration of crypto payment solutions into everyday financial activities.

Major players are expanding their presence in the crypto card space. Fold Holdings recently began issuing its Fold Bitcoin Credit Card to select waitlist members, with broader access rolling out in the coming weeks. The card, which operates on the Visa network and is powered by Stripe Issuing, offers cardholders up to 4% cashback in bitcoin through behavior-based boosts and partner offers. Additionally, cardholders who pay their bill in bitcoin receive an extra 0.5% back.

Aven has introduced a unique offering with its Aven Bitcoin Visa Card, unveiled at the Bitcoin Conference 2026. This card allows users to borrow up to $1 million against their bitcoin without selling it, with rates starting at 7.99% APR and repayment terms extending up to 10 years. The collateral for these loans is held by BitGo, while Coastal Community Bank issues the card.