Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingCrypto card payments hit a record high of US$12.5 billion
According to PaymentScan, total crypto card payments have reached a record high of US$12.5 billion. The data was originally shared on the X platform by The Kobeissi Letter. Year-to-date this year, this number has increased by 140%, an increase of 247% compared to the October 2025 level. 
These numbers come from data from the PaymentScan platform, which uses on-chain data to track trading activity of stablecoin cards. Its chart lists a total of $12.5 billion as of September 2026. 
Data reveals the growth rate of card consumption
Monthly transaction volume in each period shows an upward trend. It was US$3.6 billion in October 2025 and rose to US$4.1 billion in November. It closed at $4.6 billion in December and reached $5.2 billion in January 2026.
The growth momentum runs through spring and summer. It recorded $7.3 billion in April,$9.1 billion in June, and $10.1 billion in July. It reached US$11.2 billion in August, so it increased by approximately US$1.3 billion in a single month in September, an increase of approximately 11.6%. The year-to-date growth rate of 140% is in line with a trend of rising to current levels from $5.2 billion in January.
Reasons for the rise in crypto-card payments
Posts point to two main drivers: stablecoins are being used more as payment channels, and users want a more efficient cross-border transaction experience. In addition, QR code payments are also growing rapidly.
这种需求在Jupiter Spend（最大的链上卡提供商之一）身上得到了体现。该平台的激活卡片数量环比增长55%，其中对二维码支付的需求被视为关键原因。
Jupiter的文档解释了Jupiter QR Pay的工作原理。用户使用Solana上的USDC为Spend账户充值，扫描商户代码，支付通过本地渠道结算。目前列出的市场包括越南、泰国、菲律宾和新加坡。商户无需进行Jupiter集成，但Jupiter指出，QR Pay不支持在其较新的卡计划下发行的新卡账户。
这对稳定币支付意味着什么
数据显示，稳定币正从交易和转账扩展到日常消费。加密卡支付让用户可以在商家已接受银行卡或本地二维码网络的场所使用稳定币余额进行消费。
这使得加密环节保留在用户端。对美元稳定币的需求也与更广泛的监管和市场变化有关，这在最近的稳定币新闻中有所涵盖。
跨境使用是一个明显的焦点。持有美元稳定币的用户可以通过二维码或银行卡网络以本地货币付款，而无需进行银行转账。
125亿美元支付激增背后的最大疑问
有几个要点尚未确认。帖子未按发卡机构或地区拆分交易量。也未说明有多少增长来自新上市的卡片，而非现有卡片。Jupiter Spend的55%数据衡量的是激活的卡片数量，而非支付交易量。
月度交易量也可能因新上市产品和季节性消费而波动。加密卡支付在未来几个月能否保持这一增长速度尚不清楚。更广泛的市场动态可参考每日加密货币新闻汇总。
专家观点：接下来应关注加密卡支付的哪些动向
数据显示，从2025年10月到2026年9月，加密卡支付每月都在增长。9月11.6%的涨幅是与下一个月度数据对比的重要指标。激活卡片数量和二维码支付占比是与Jupiter相关的其他信号。
主要风险包括发卡机构的监管、非美元支出的外汇费用以及对稳定币储备的依赖。主要的不确定性在于，这种增长反映的是持久的使用习惯，还是一波新卡发行浪潮。
结论
2026年9月，加密卡支付达到125亿美元，图表显示过去十二个月保持了稳步增长。稳定币渠道和二维码支付是提到的主要驱动因素。关于发卡机构细分和长期持续性的细节仍然缺失。
