Global spending through stablecoin-linked payment cards could quadruple to $50 billion a year by 2028, according to stablecoin payments company RedotPay. The forecast comes as the sector records rapid growth in everyday cryptocurrency payments.
Stablecoin card spending surpassed $1 billion in July, marking a record monthly level, based on data from crypto payment card analytics firm Paymentscan. Stablecoins — digital assets typically pegged to currencies such as the U.S. dollar — are increasingly being used for cross-border payments, cryptocurrency settlements and transactions in economies facing currency volatility.
RedotPay co-founder Jonathan Chan said Latin America currently leads stablecoin adoption and growth potential, followed by Africa. He pointed to payment inefficiencies, easier access to stablecoins, improved fiat conversion and clearer regulation as key factors supporting adoption.
RedotPay says it now serves more than 8 million users globally, with annualized payment volume exceeding $14 billion, including card spending and top-ups.
The projected growth highlights a broader shift in stablecoins from primarily crypto-market instruments toward mainstream digital payment tools, particularly in regions where cross-border transactions and access to stable foreign currencies remain challenging.
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