The latest data from paymentscan.xyz reveals that cumulative transaction volume on crypto-backed cards reached $9.898 billion as of June 17, 2026, bringing the sector within striking distance of the $10 billion milestone. This represents a 323% increase from the $2.340 billion recorded in the same period of 2025.
Monthly activity also set a historic record, with $866.1 million in transactions processed over the preceding 30 days. The surge persisted despite a broader cooling in cryptocurrency prices, highlighting a decoupling of everyday spending from speculative trading.
RedotPay remains the dominant issuer, capturing 61% of the cumulative volume. However, its market share has shrunk dramatically from 93% a year ago, as new entrants like KAST (15%) and EtherFi (11%) carve out significant positions.
Analysts attribute the growth to three structural drivers: persistent demand in emerging markets where dollar-pegged stablecoins offer an alternative to weak local banking; the regulatory clarity provided by the GENIUS Act in the United States; and seamless integration with Visa’s processing network, enabling crypto balances to be spent like traditional money at retail points of sale.
The $9.898 billion figure is considered a baseline, as it only tracks on-chain verifiable flows. Centralized exchanges operating internal ledger-based card programs are not captured, meaning real total volume may be substantially higher. The formal crossing of the $10 billion threshold is expected in the coming weeks and remains a focal point for industry observers.
