Stablecoin card spending crosses $10.9B

Cumulative stablecoin card spending has surpassed $10.9 billion, according to Paymentscan data cited by payment provider RedotPay on Aug. 25. Summary Paymentscan data cited by RedotPay placed cumulative stablecoin card spending above $10.9 billion worldwide overall. July 2026 produced a record month, with card spending exceeding $1 billion for first time. RedotPay predicts annualized spending will reach $50 billion by 2028, but independent confirmation remains unavailable. RedotPay reported more than eight million users and over $14 billion in annualized payment volume. Visa has expanded stablecoin-linked card access through its network spanning more than 175 million location. 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 infrastruct...