Crypto card payments have reached a record $12.5 billion, marking a 140% increase year-to-date and 247% growth compared to October 2025. This surge is primarily attributed to the increasing adoption of stablecoins as a payment rail and a broader push for cheaper, faster cross-border transactions. Demand for QR-based spending also contributed, with activated cards on Jupiter Spend, a major on-chain card provider, rising 55% quarter-over-quarter. Major players like Fold Holdings and Aven are expanding their crypto card offerings, with Fold issuing a Bitcoin credit card on the Visa network and Aven unveiling a Bitcoin Visa Card allowing users to borrow against their bitcoin holdings.