Crypto card payments have rapidly expanded, now rivaling peer-to-peer (P2P) stablecoin transactions in volume, according to Artemis' latest stablecoin report. The report highlights that crypto card payments have grown from $100 million monthly in early 2023 to $1.5 billion by 2025, nearly matching the $1.6 billion in stablecoin P2P payments. Artemis notes that crypto card payments have experienced a 106% compound annual growth rate (CAGR), reaching over $18 billion annually, while stablecoin P2P payments grew by only 5% to $19 billion. The report attributes the success of crypto cards to their ability to leverage existing payment infrastructure, offering seamless fiat transactions and overcoming adoption challenges faced by stablecoin-native payments, such as merchant integration and compliance issues.