Stablecoin card spending has surpassed $10.9 billion, according to Paymentscan data cited by RedotPay on August 25. July 2026 produced the dataset’s highest monthly total, with spending exceeding $1 billion for the first recorded time.
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Paymentscan’s overview placed July spending at $1.04 billion. That figure was more than three times the $339.4 million recorded in July 2025.
The growth marks a major shift from three years earlier, when the industry processed about $60,000 per month, according to RedotPay.
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How Customers Use Stablecoin Cards for Purchases
Customers can pay for payment identifiers using stablecoin cards via funds like USDC or USDT. The company converts tokens to local currency before sending the transaction through the Visa or Mastercard network, according to a16z analysis.
The merchant accepts a regular card payment without dealing with cryptocurrency. Customers can use their digital currency to make payments at places that do not accept crypto currency.
However, Paymentscan’s numbers vary depending on the dataset selected. According to a16z, the number of transactions in July was near $759 million, recording nearly nine million purchases.
In July, around 58% of the on-chain spending was linked to USDC. USDT accounted for roughly 26% of the transactions, while euro-pegged coins went down to 2%.
The on-chain average transaction was approximately $86. RedotPay claims that it is a sign that stablecoin cards are used in subscriptions, groceries, travels, and other regular payments.
RedotPay Forecasts Faster Stablecoin Card Growth by 2028
Despite the fast growth, the stablecoin cards industry is still very small compared to the usual payment networks. It is estimated that by 2026, more than $20 trillion will be spent via traditional cards, says RedotPay.
Payment systems are extending their crypto services as well. Visa and Bridge announced the intention in March to offer stablecoin-based cards in more than 100 countries.
Mastercard has also introduced settlement options and partnerships across Africa, the Middle East, and other emerging markets. These initiatives extend access through payment infrastructure already used by consumers and merchants.
According to RedotPay, the next $10 billion in transactions is expected to be processed by the company in eight months. For the first $10 billion, the provider spent three years.
The provider expects the annualized spending of stablecoin cards to reach $50 billion by 2028. This prediction is made by RedotPay but has not been confirmed by Paymentscan, Visa, and Mastercard.
Why RedotPay Expects Latin America to Lead Card Adoption
Jonathan Chan, RedotPay’s co-founder, identified Latin America as the country with the biggest adoption rate and growth potential.
He ranked Africa the second one and linked expansion to payment demand, tokens’ availability, fiat conversion methods, and regulatory clearness.
The firm revealed that it had over eight million users. It also placed its annualized transaction volume at over $14 billion, but this amount covers top-ups and card transactions.
No such audited documents reported by RedotPay to support those figures. The number of users and annualized volume of the firm continue to be company-reported numbers.
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