Stablecoin-powered 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. The $1.04 billion figure was more than three times the $339.4 million recorded in July 2025. Three years earlier, the industry processed about $60,000 per month, as stated by RedotPay. Customers use stablecoin cards to pay with USDC or USDT, which are converted to local currency and sent through Visa or Mastercard networks, according to a16z analysis.
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.
The July 2026 figure of $1.04 billion was more than three times the $339.4 million recorded in July 2025. Three years earlier, the industry processed about $60,000 per month, as stated by RedotPay.
Customers can pay for purchases 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.
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 fell to 2%.
The on-chain average transaction was approximately $86. RedotPay claims that this is a sign that stablecoin cards are used for subscriptions, groceries, travel, and other regular payments.
Despite the fast growth, the stablecoin cards industry remains very small compared to traditional 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. Visa and Bridge announced in March plans 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. According to RedotPay, the next $10 billion in transactions is expected to be processed in eight months, compared to three years for the first $10 billion.
The provider expects 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, or Mastercard.
Jonathan Chan, RedotPay’s co-founder, identified Latin America as the region with the biggest adoption rate and growth potential. He ranked Africa second and linked expansion to payment demand, token availability, fiat conversion methods, and regulatory clarity.
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 audited documents have been reported by RedotPay to support those figures.
