Stablecoin card spending exceeds $10 billion

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Stablecoin card spending

Stablecoins are moving beyond the crypto market

Stablecoin cards allow users to pay for everyday purchases using digital assets. During the transaction, funds are automatically converted, while the merchant receives payment through conventional card infrastructure.

RedotPay says that three years ago the entire segment processed about $60,000 in payments per month. Today, the same amount is processed in roughly four minutes. The cards are used to pay for groceries, subscriptions, travel, rent and international digital services.

According to RedotPay co-founder Jonathan Chan, a significant share of the company’s customers are not active crypto traders at all. They use stablecoins as a more convenient way to hold dollars, transfer money and cover everyday expenses.

RedotPay currently serves more than 8 million users in over 100 countries. The company’s annualized payment volume has reached about $14 billion, while annualized revenue exceeds $180 million.

Demand is strongest in emerging markets

RedotPay sees countries with limited access to dollar-based banking products as one of the main sources of future growth. In Latin America, Africa and Asia, users can hold funds in digital dollars, pay for purchases abroad and access international services without a traditional U.S. dollar bank account.

Stablecoins are also increasingly being used for cross-border transfers and business payments. RedotPay expects traditional financial institutions to make greater use of blockchain-based settlement infrastructure as the market develops, although even the projected $50 billion in annual card spending by 2028 would remain only a small part of the global bank card market.

Legal, but rules vary by market

Stablecoin cards are not inherently illegal products. In the U.S., a consumer who spends cryptocurrency on goods and services is not treated as a money transmitter, but companies that convert and transfer digital assets must comply with licensing, anti-money laundering and sanctions requirements. In 2026, these requirements are being further strengthened under the GENIUS Act. This is why RedotPay, for example, is obtaining money transmitter licenses separately in individual U.S. states.

The situation is similar in Europe. MiCA regulates the issuance of crypto assets, including stablecoins, as well as companies that provide related services. In practice, whether a specific card can legally operate depends on the country, the stablecoin being used and the licenses held by the provider. As a result, the same card may be available in one jurisdiction and restricted in another, even if payments are processed through global networks such as Visa or Mastercard.

Earlier, it was reported that investment in stablecoin infrastructure could reach $8 billion by 2027.

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