Stablecoin card spending reached $18B by late 2025, a 15-fold jump from 2023, as 42% of holders want to make major purchases. Most would use linked debit cards or banking apps.
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Stablecoin-linked card spending reached roughly $18 billion on an annualized basis by late 2025, a 15-fold jump from early 2023, according to a report from PYMNTS Intelligence and Paymentology. The growth signals that demand for spending digital assets is moving past the holding phase and into daily commerce.
The report, titled “From Asset to Everyday Money: Making Digital Currencies Spendable,” surveyed consumer behavior around crypto and stablecoin use. It found a gap between desire and action. Some 42% of stablecoin holders want to use those assets for major purchases. Only 28% actually do. That delta is the opening for issuers and FinTechs that can connect digital assets to payment tools consumers already trust.
Linked debit cards offer one bridge. The report said 71% of stablecoin holders would use a linked debit card to spend those assets. These cards convert stablecoins at the point of sale, then settle over established networks like Visa and Mastercard. Merchants receive a regular card payment. The customer spends digital assets without either side changing their checkout routine.
The front door for adoption, the report argues, is the banking app. Some 77% of consumers said they would open a crypto or stablecoin wallet through an existing banking or FinTech app. That number suggests providers do not need to steer customers into unfamiliar territory. Adding digital asset capabilities to a relationship that already carries trust could feel like an extension of mobile banking, not a separate crypto exercise.
A working model exists at scale. Rain, a digital asset card platform, reached more than $3 billion in annualized spending after gaining direct Visa network membership. The report cited Rain as evidence that the combination of linked cards, instant conversion, and modern issuer-processing systems can turn consumer interest into commercially viable products. Rain’s growth shows the infrastructure can handle digital asset flows without friction.
Cross-border business payments offer another near-term use case. Stablecoins can lower costs, speed settlement, and provide access to dollar-linked value without relying on correspondent banking. The report framed this as a practical entry point for B2B adoption, where the efficiency gains are largest.
The broader pattern is that stablecoins are moving closer to the spending layer of the economy. The rails – Visa, Mastercard, banking apps, issuer processors – already exist. The bottleneck has been the conversion and card-issuance technology that makes the experience seamless. The report’s findings suggest that piece is falling into place.
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