Stablecoin card spending crosses $10.9B
Aug 31, 2026
Cumulative stablecoin card spending has surpassed $10.9 billion, according to Paymentscan data cited by payment provider RedotPay on Aug. 25.
Paymentscan recorded more than $1 billion in card spending during July 2026, making it the largest month in its tracked dataset. Three years earlier, the industry processed approximately $60,000 per month, according to RedotPay.
Stablecoin card spending passed $1B in July
Stablecoin cards allow customers to fund a payment credential using assets such as USDC or USDT. The provider converts the stablecoin into the merchant’s local currency, allowing the transaction to use existing Visa or Mastercard infrastructure, according to an a16z crypto analysis.
Dollar stablecoins dominate card transactions
USDC accounted for approximately 58% of the onchain card spending tracked by a16z in July, while USDT represented roughly 26%. Euro-backed stablecoins had previously held a larger share but declined to about 2%, according to the published dataset
RedotPay forecasts $50B in annual spending
RedotPay predicts the industry will process its next $10 billion in eight months, compared with approximately three years for the first $10 billion.
It also expects stablecoin cards to reach $50 billion in annualized spending by 2028. That figure is a company forecast, not a confirmed projection from Paymentscan, Visa or Mastercard.
Better access is pushing stablecoins into retail payments
Stablecoin card adoption has benefited from easier deposits, improved fiat conversion, and integrations with mobile wallets. RedotPay advertises support for everyday purchases and stablecoin transfers through its payment platform.
These features allow consumers to use stablecoins without requiring merchants to process blockchain transactions. The card provider and its partners manage conversion, authorization, and settlement behind the payment.
The products may be useful in markets where access to dollar accounts, international cards or cross-border payments remains limited. Dollar-backed tokens provide digital dollar exposure, while card networks supply the connection to conventional points of sale.
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