Stablecoin card spending has crossed $10.9 billion in cumulative quantity as RedotPay projected that annual spending via the merchandise might quadruple to $50 billion by 2028.
RedotPay stated in an Aug. 25 weblog put up that the trade recorded greater than $1 billion in card spending throughout July for the primary time, citing impartial funds information supplier Paymentscan, as utilization continued to rise throughout markets in Latin America, Africa and Asia-Pacific.
The stablecoin funds firm expects the trade to course of its subsequent $10 billion in eight months after taking roughly three years to achieve the primary $10 billion. By 2028, RedotPay expects stablecoin-powered playing cards to be dealing with $50 billion in annualized spending.
“When you think about that over $20 trillion might be spent this yr on conventional playing cards, $50 billion per yr now not appears unattainable,” the corporate stated.
Paymentscan information confirmed July 2026 as the biggest month recorded for the sector. Its headline dataset put stablecoin card spending at about $1.04 billion throughout the month, in contrast with roughly $339 million in July 2025.
RedotPay attributed its forecast to its personal working information, adoption patterns in a number of creating markets, clearer guidelines for stablecoin companies and rising use of digital {dollars} for funds, remittances and overseas change providers.
Stablecoin card spending has accelerated in 2026
Stablecoin playing cards join cryptocurrency balances to present card networks, permitting customers to pay retailers whereas stablecoins or different digital belongings are transformed or settled via the infrastructure behind the transaction.
RedotPay stated the merchandise have moved from an experimental cost technique towards common shopper use. When the corporate launched its first card about three years in the past, it estimated that the whole trade was processing round $60,000 every month. Present volumes can attain the identical quantity in roughly 4 minutes, in line with its weblog.
Jonathan Chan, RedotPay’s head of partnerships and co-founder, stated the corporate was seeing demand from prospects who use stablecoins to deal with strange monetary wants as a substitute of cryptocurrency buying and selling.
“Stablecoin-powered playing cards have reached their mainstream second, hitting all-time highs in spending quantity on the power of their utility in day by day life,” Chan stated.
“Our customers usually are not essentially crypto merchants. They’re individuals who discovered a greater technique to handle their funds as a result of the earlier choices they’d weren’t adequate. That is the place the expansion will come from.”
The corporate pointed to prospects utilizing the playing cards for bills resembling groceries, subscriptions, journey and lease throughout greater than 100 nations. RedotPay additionally cited examples of customers who want entry to worldwide digital providers, cellular wallets or dollar-denominated balances the place native banking merchandise don’t present the identical choices.
Shopper card merchandise have additionally turn out to be a bigger a part of RedotPay’s personal enterprise. In July, crypto.information beforehand reported that the corporate had launched an $XRP Ledger-powered product permitting prospects to pledge $XRP as collateral and entry a credit score line settled in Ripple USD.
The product makes use of a 50% loan-to-value ratio and permits the borrowed worth to be spent via Visa retailers whereas prospects retain publicity to their pledged $XRP. On the time, RedotPay reported greater than 8 million customers in over 100 nations and roughly $12 billion in annualized cost quantity.
RedotPay now places its annualized cost quantity at roughly $14 billion and annualized income at greater than $180 million. The corporate stated it has constructed a worthwhile enterprise whereas increasing its stablecoin cost providers.
Clearer guidelines and higher merchandise are supporting card use
Explaining the rise in card exercise, RedotPay recognized regulatory developments as one of many elements which have made customers and cost corporations extra keen to make use of stablecoin-based providers.
The corporate stated clearer necessities in vital markets have given established operators a extra outlined framework for licensing and compliance whereas giving potential prospects extra confidence in stablecoin merchandise.
Product enhancements have performed a job as nicely, in line with RedotPay. Interfaces have turn out to be simpler to make use of, fiat-to-crypto and crypto-to-fiat providers have expanded their protection, conversion pricing has improved and buyer assist has turn out to be extra developed.
RedotPay expects fast-growing cost corporations to spend extra on licenses and compliance as transaction volumes rise. It additionally expects conventional monetary corporations to make extra use of stablecoin settlement infrastructure, whereas extra suppliers join blockchain networks with present banking rails.
The corporate has begun constructing its personal U.S. regulatory footprint. RedotPay stated it just lately obtained its first U.S. cash transmitter license and has functions pending in additional than 20 extra states.
Card networks have been including stablecoin settlement providers on the identical time. In June, Mastercard added assist for settlement utilizing six regulated dollar-backed stablecoins, together with USDC, PayPal USD, Ripple USD, International Greenback, Pax Greenback and SoFiUSD.
Mastercard stated the system can settle transactions outdoors regular banking hours, together with weekends and holidays, whereas retaining present card cost processes. Supported blockchain networks included Ethereum, Solana and the $XRP Ledger.
Stripe has additionally been constructing stablecoin card infrastructure via Bridge. A July report detailed how this system expanded into greater than 100 markets after Stripe acquired the stablecoin infrastructure firm.
Former Stripe stablecoin partnerships head Connor Fitzgerald stated the workforce established sponsor financial institution and card community relationships, constructed stablecoin settlement infrastructure in the USA and took annualized cost quantity from zero into the tens of hundreds of thousands of {dollars}.
Stablecoin funds prolong past shopper checkout
Card spending represents one a part of the stablecoin funds market, with cross-border settlement, remittances and enterprise funds accounting for different use instances that RedotPay expects to assist future adoption.
In Might, BridgerPay co-founder and CEO Ran Cohen stated stablecoin cost demand remained concentrated in cross-border settlement, business-to-business payouts and treasury operations. Cohen anticipated stablecoins to broaden via enterprise cost flows with out displacing standard playing cards at service provider checkouts.
RedotPay’s mannequin connects the 2 programs by permitting customers to fund spending from digital belongings whereas counting on present card networks for service provider acceptance.
The corporate recognized Latin America, Africa and Asia-Pacific as vital markets in its forecast. RedotPay stated prospects in such areas can use stablecoins for greenback financial savings, worldwide purchases, journey spending and entry to cost merchandise that might not be out there via their native banks.
Cross-border use additionally provides stablecoin playing cards a job in remittances and overseas change, in line with the corporate, significantly the place prospects already maintain digital {dollars} and have to convert or spend them with out transferring funds via a number of monetary providers.
RedotPay stated competitors amongst corporations connecting conventional banking programs with stablecoins might scale back prices as extra suppliers enter the sector. The corporate expects established monetary establishments to extend their use of stablecoin rails as cost infrastructure develops.
Its 2028 projection would put annual stablecoin card spending at $50 billion, roughly 4 instances the present annualized stage cited by the corporate, whereas remaining a small fraction of the greater than $20 trillion RedotPay expects customers to spend utilizing conventional playing cards this yr.
The corporate at the moment serves greater than 8 million customers globally, with pending cash transmitter license functions in additional than 20 U.S. states alongside the primary state license it has already obtained.
