The Federal Reserve just published the most comprehensive look at how Americans move money, and the crypto industry is nowhere to be found in it.
The 2025 triennial payments study, released July 1, tracked noncash payment methods across the US for the year 2024. The headline number: 236.6 billion noncash transactions, a figure that has tripled since the year 2000. Cards accounted for more than 75% of those transactions by volume, while Automated Clearing House systems handled nearly 75% of total noncash payment value for the first time. Not a single line in the findings references crypto assets, stablecoins, or blockchain-based payments.
The card economy keeps winning
Debit cards maintained their dominant position in the payments landscape. Credit card payments are growing faster than debit for the first time in nearly a decade.
On the other side of the ledger, checks and ATM cash withdrawals continued their multi-year decline in both transaction count and total value.
