EtherFi Dominates Visa-Backed Crypto Card Spending

[johnblockbuster]

Among Visa-partnered crypto cards, EtherFi emerged as the clear leader in 2025. Its card generated $55.4 million in total net spend, more than double the $20.5 million recorded by Cypher, the second-largest issuer in the group.

The wide gap suggests that users are gravitating toward platforms that tightly integrate decentralized finance yields, stablecoins, and real-world spending. Researchers note that EtherFi’s performance highlights how DeFi-native products are beginning to compete directly with traditional fintech cards.

[lingriiddd]

once stablecoins feel boring enough to swipe, you know adoption is actually happening