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Ether.fi's CASH Visa card surpasses $800M in spend, $600M in 2026 alone, fueling 26% of company revenue.

Protocol Fundamentals
04 Sep 2026
Crypto Briefing
View Source
Bullish
Ether.fi's CASH Visa card surpasses $800M in spend, $600M in 2026 alone, fueling 26% of company revenue.

Ether.fi’s CASH Visa card, which allows users to spend crypto directly from self-custodied vaults, has exceeded $800 million in total spending, with $600 million of that occurring in 2026. The card processed nearly 10 million transactions, mostly small purchases under $100, indicating everyday use rather than large cashbacks. This product now accounts for 26% of Ether.fi’s revenue, driven by fees and lending tied to the card. Its unique non-custodial model lets users spend crypto without selling assets, borrowing against holdings or using earned yield instead. The rapid growth signals strong adoption and a sustainable revenue stream for Ether.fi.

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