Stablecoin-linked payment cards have processed more than $10.9 billion in cumulative spending. RedotPay, one of the sector’s largest issuers, now expects that figure to quadruple to $50 billion a year by 2028.
The company bases its forecast on independent payments data provider Paymentscan, as well as its own operating figures.
July Sets a New Monthly Record
July was the strongest month on record for the sector. Paymentscan data put stablecoin card spending at roughly $1.04 billion for the month. That’s a 3-time increase compared to $339 million in July 2025.
And that’s just the beginning, according to RedotPay’s estimates. While it took almost three years to reach the first $10 billion landmark in cumulative card spending, the next $10 billion is likely to accumulate in just eight months.
In this context, the value of $50 billion per year by 2028 is “no longer unattainable,” RedotPay said.
From Experiment to Everyday Tool
Stablecoin cards link a user’s crypto balance to existing card networks. Merchants get paid as usual, while the underlying stablecoins are converted or settled behind the scenes.
The shift from niche product to daily-use tool has been rapid. When the first card was launched roughly three years ago, the whole industry processed about $60,000 a month. Current volumes now clear that amount in around four minutes.
Jonathan Chan, RedotPay’s co-founder and head of partnerships, linked the growth to ordinary financial needs rather than crypto trading. “Stablecoin-powered cards have reached their mainstream moment,” Chan said. Customers now use them to pay for groceries, subscriptions, travel and rent across more than 100 countries.
Regulation and Product Upgrades Support Growth
Government regulation is the key driver behind the increase. With clear licensing and compliance rules in major markets, both operators and customers have more confidence in stablecoin products.
At the same time, the products have evolved, featuring simpler interfaces, wider fiat-to-crypto conversion coverage, and professional customer support, comparable to traditional card issuers.
Card Networks Are Also Building Stablecoin Rails
RedotPay is not the only company expanding this infrastructure. Mastercard added settlement support for six regulated dollar-backed stablecoins in June, including USDC and Ripple USD, across the Ethereum, Solana and XRP Ledger networks.
Stripe has also scaled its stablecoin card infrastructure through Bridge, extending the service into more than 100 markets.
Card spending is only one piece of the broader stablecoin payments market. Cross-border settlement, remittances and business-to-business payments remain significant use cases alongside consumer checkout activity.
Stablecoin Cards to Gain Momentum in Markets Underserved by Traditional Banks
Key contributors to the expected growth in stablecoin card payments are not the strongest global economies. On the contrary, RedotPay expects Latin America, Africa and Asia-Pacific to become the most active markets in stablecoin card transactions.
The main reasons are demand for dollar savings, cross-border payments, and access to services not always available through local banks.
