Crypto card payments hit a record $12.5 billion as Jupiter Spend chases stablecoin shoppers

Crypto card payments have reached a record $12.5 billion, a 140% jump since the start of the year. The main drivers are stablecoins and QR code payments. Jupiter Global’s card product, Jupiter Spend, is one of the players in that shift. The headline volume, though, reflects the broader market. Jupiter’s own slice is considerably smaller. The numbers behind the record The $12.5 billion figure covers crypto card payment volume across the industry. Attributing that cumulative total to Jupiter Spend alone is not supported by the available data. In July 2026, stablecoin card spending across the industry crossed $1 billion in a single month for the first time. The exact July tally was $1.03 billion, spread across more than 10 million transactions. Jupiter’s own figures are more modest. The company’s card settlement volume came in at $7.6 million in September 2026. That was an 8% increase from the previous month. How Jupiter Spend works The card launched in January 2026. Users deposit USDC or USDT through the Jupiter app on the Solana blockchain. Those stablecoins convert into a USD balance that can then be spent at more than 150 million Visa merchants worldwide. Deposits of USDC or USDT ...