Stablecoin Card Spending Projects $50B Annual Volume by 2028

The industry reached a significant threshold in July, with monthly card spending exceeding $1 billion for the first time, according to data from Paymentscan. This acceleration marks a sharp departure from the sector’s infancy; RedotPay notes that while it took roughly three years to reach the initial $10 billion in cumulative volume, the next $10 billion is expected to process in just eight months. Company co-founder Jonathan Chan attributes this growth to users who prioritize stablecoins for everyday expenses—such as groceries, rent, and international subscriptions—rather than speculative crypto trading.

RedotPay’s projection of $50 billion in annual spending by 2028 relies on a convergence of clearer regulatory frameworks, improved user interfaces, and the expansion of digital dollar services in Latin America, Africa, and the Asia-Pacific region. While this figure represents a significant climb, it remains a fraction of the $20 trillion currently spent annually on traditional card networks. To capture this market, RedotPay is expanding its own regulatory footprint, recently securing its first U.S. money transmitter license with further applications pending in 20 states. Major incumbents are also maneuvering; Mastercard has integrated support for six regulated dollar-backed stablecoins, while Stripe continues to scale its own infrastructure, signaling that the bridge between blockchain networks and traditional banking rails is hardening into a permanent financial fixture.