Stablecoin card spending is growing quickly, with total transaction volume now passing $10.9 billion. RedotPay believes this market could expand even further, predicting that annual spending through stablecoin-powered cards could reach $50 billion by 2028.
The company said July became the first month when stablecoin card spending crossed $1 billion, according to payments data from Paymentscan. The growth has been especially strong in regions such as Latin America, Africa, and Asia-Pacific.
RedotPay expects the next $10 billion in spending volume to be reached much faster than the first. The industry took around three years to reach its first $10 billion, but the company believes the next $10 billion could come within about eight months.
The company said stablecoin cards are becoming more useful for everyday payments rather than only being used by crypto traders.
Stablecoin cards work by connecting digital currency balances with traditional card networks. Users can spend stablecoins at regular merchants, while the payment system handles the conversion behind the scenes.
RedotPay said the market has moved from an early experiment into a more practical payment option. Around three years ago, when the company launched its first card, the industry was processing only around $60,000 per month. Today, similar amounts can be processed within minutes.
Jonathan Chan, RedotPay’s head of partnerships and co-founder, said many users are choosing stablecoin cards because they provide easier ways to manage money.
He explained that many customers are not focused on crypto trading. Instead, they use stablecoins for daily expenses because traditional financial options may not always meet their needs.
Users are now using these cards for everyday purchases such as groceries, subscriptions, travel expenses, and rent payments across more than 100 countries.
RedotPay also said stablecoin cards are becoming useful in areas where people need access to international payments, digital services, or dollar-based savings but may have limited options through local banking systems.
The company believes several factors are supporting this growth, including wider adoption, clearer regulations, and better payment products.
Improved technology has also helped. Stablecoin services have become easier to use, conversion costs have improved, and connections between digital assets and traditional banking systems have become stronger.
RedotPay expects more companies to invest in compliance, licenses, and payment infrastructure as the market grows. It also believes traditional financial companies will increasingly use stablecoins for settlement and payment services.
Major payment companies have already started exploring stablecoin technology. Mastercard has expanded support for stablecoin settlement, allowing certain regulated digital dollars to be used within its payment network.
Stripe has also been developing stablecoin payment infrastructure through Bridge, expanding access to stablecoin-powered payment services in multiple markets.
However, stablecoin payments are not limited to consumer purchases. They are also becoming important for cross-border payments, business transactions, remittances, and financial operations.
RedotPay believes regions such as Latin America, Africa, and Asia-Pacific could see strong growth because stablecoins can provide easier access to dollar-based payments and international financial services.
The company expects stablecoin cards to help connect digital assets with traditional payment networks. Instead of replacing existing card systems, they can work alongside them by giving users more ways to store, transfer, and spend money.
If RedotPay’s prediction becomes accurate, stablecoin card spending could grow from today’s levels to $50 billion annually by 2028. While that would still be small compared with the trillions spent through traditional cards, it would represent a major step in bringing digital currencies into everyday payments.
