Stablecoin card spending has crossed $10.9 billion in cumulative volume, with July recording over $1 billion in monthly card spending for the first time, as RedotPay projected that annual spending through the products could reach $50 billion by 2028.
The Growth Trajectory
RedotPay said the industry recorded more than $1 billion in card spending during July for the first time, citing independent payments data provider Paymentscan. The figure compared with roughly $339 million in July 2025. The company expects the industry to process its next $10 billion in eight months after taking roughly three years to reach the first $10 billion.
When the company launched its first card about three years ago, it estimated that the entire industry was processing around $60,000 each month. Current volumes can reach the same amount in roughly four minutes. By 2028, RedotPay expects stablecoin-powered cards to be handling $50 billion in annualized spending.
From Crypto Trading to Everyday Use
Jonathan Chan, RedotPay's head of partnerships and co-founder, said the company was seeing demand from customers who use stablecoins to handle ordinary financial needs instead of cryptocurrency trading. Users are spending on groceries, subscriptions, travel and rent across more than 100 countries. Many need access to international digital services, mobile wallets or dollar-denominated balances where local banking products do not provide the same options.
RedotPay now puts its annualized payment volume at approximately $14 billion and annualized revenue at more than $180 million. The company said it has built a profitable business while expanding its stablecoin payment services.
Regulatory Clarity Driving Adoption
RedotPay identified regulatory developments as one of the factors that have made consumers and payment companies more willing to use stablecoin-based services. Clearer requirements in important markets have given established operators a more defined framework for licensing and compliance while giving potential customers more confidence in stablecoin products.
Product improvements have also played a role. Interfaces have become easier to use, fiat-to-crypto and crypto-to-fiat services have expanded their coverage, conversion pricing has improved and customer support has become more developed. RedotPay has obtained its first U.S. money transmitter license and has applications pending in more than 20 additional states.
Card Networks Embracing Stablecoin Settlement
Card networks have been adding stablecoin settlement services. Mastercard added support for settlement using six regulated dollar-backed stablecoins, including USDC, PayPal USD, Ripple USD, Global Dollar, Pax Dollar and SoFiUSD. The system can settle transactions outside normal banking hours while retaining existing card payment processes. Supported blockchain networks include Ethereum, Solana and the XRP Ledger.
Stripe has also been building stablecoin card infrastructure through Bridge, expanding into more than 100 markets after acquiring the stablecoin infrastructure company. RedotPay expects traditional financial companies to make more use of stablecoin settlement infrastructure, while additional providers connect blockchain networks with existing banking rails.
Beyond Consumer Checkout
Card spending represents one part of the stablecoin payments market, with cross-border settlement, remittances and business payments accounting for other use cases. RedotPay expects fast-growing payment companies to spend more on licenses and compliance as transaction volumes rise. The company's model connects cryptocurrency and traditional card systems by allowing users to fund card spending through stablecoin balances.
