Global spending on stablecoin-linked card transactions is forecast to surge to $50 billion per year by 2028, according to stablecoin payments provider RedotPay. The projection represents a fourfold increase from current levels, reflecting accelerating adoption of digital dollar-pegged tokens in retail and cross-border payments.
RedotPay’s latest data shows the sector crossed $1 billion in monthly card spending in July, a record milestone tracked by crypto payment analytics firm Paymentscan. The company, headquartered in Hong Kong, now serves more than 8 million users worldwide and processes over $14 billion in annualized payment volume, including card spends and top-ups.
Jonathan Chan, co-founder and head of partnerships at RedotPay, highlighted uneven regional growth patterns. Latin America currently leads adoption and shows the greatest potential, followed by Africa. Chan attributed expansion not solely to crypto penetration but to practical payment solutions in markets facing frictions in traditional finance.
"The fastest markets aren't necessarily those with the highest crypto penetration," Chan said. "Growth is driven by the confluence of real payment pain, easy stablecoin access, strong fiat off-ramps, and regulatory clarity."
Stablecoins, cryptocurrencies pegged to assets such as the U.S. dollar, have gained broader traction in cross-border transfers, corporate treasuries, and volatile economies seeking stability. Their integration with payment cards has expanded use cases beyond speculative trading into everyday commerce and remittances.
