Crypto Cards Soar Past $600 Million in Monthly Spending, TRON Takes 35% of March Volume

Crypto card payments have reached new heights in March, with total spending reaching $606 million. This represents a staggering growth of 500% since September 2024, according to PaymentScan data.

TRON took the lead in crypto card payment volume, capturing 35% of transactions in March. This is attributed to its settlement layer, which processes approximately one-third of payment volume. The chain's three-second block times and resource-based fee model make stablecoin transfers cheap and fast enough for point-of-sale flow.

Visa remains the primary rail behind crypto card payments, processing roughly 90% of transactions in March. Its Bridge stablecoin card program is expanding to new regions through 2026. Southeast Asia accounted for approximately 60% of global stablecoin payment volume during the period, with local card issuance growing 83x between 2024 and 2025.

The cashback war among emerging issuers is heating up, with Jupiter Global's Solana-based Visa card returning 4% to 10% cashback by tier. Other players like KAST, Tria, and Pengu Card are widening the field beyond established issuers. Stablecoins are no longer competing only for on-chain liquidity but are vying for consumer wallets.