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Stablecoin card spending forecast to hit $50 billion by 2028

Created at 25 Aug · 7:09 AM1 source↑ Market-relevant
IN SHORT

Global stablecoin card spending is projected to reach $50 billion annually by 2028, a fourfold increase from current levels, according to stablecoin payments company RedotPay. The firm noted that spending crossed $1 billion in July.

Key Numbers

$50 billionannual stablecoin card spending forecast by 2028
$1 billionstablecoin card spend in July
8 millionRedotPay users worldwide
$14 billionRedotPay's annualised payment volume

Who's Involved

RedotPay
stablecoin payments company forecasting spending growth
Jonathan Chan
co-founder and head of partnerships at RedotPay
Paymentscan
crypto payment card analytics company
Stablecoin card spending forecast to hit $50 billion by 2028

↳ Why This Matters

The projected surge in stablecoin card spending highlights the increasing mainstream adoption of cryptocurrencies for everyday transactions and suggests a growing role for stablecoins in global finance, particularly in emerging markets.

Key facts

  • Global stablecoin card spending is projected to reach $50 billion annually by 2028.
  • Spending crossed $1 billion in July, marking a record month.
  • Stablecoins are cryptocurrencies pegged to stable assets, typically fiat currencies like the U.S. dollar.
  • Latin America and Africa are identified as key growth markets for stablecoin adoption.
  • RedotPay's total annualised payment volume is over $14 billion.

    • Global stablecoin card spending is expected to quadruple to $50 billion annually by 2028, according to Hong Kong-based stablecoin payments company RedotPay. The firm's projection follows a record month in July, when stablecoin card spending crossed $1 billion, based on data from crypto payment card analytics company Paymentscan.

    Stablecoins are a type of cryptocurrency designed to maintain a stable value by being pegged to assets like the U.S. dollar. Their adoption has accelerated due to their utility in cross-border payments, treasury operations, crypto settlements, and as a store of value in volatile economic conditions.

    RedotPay identified Latin America as the region with the highest adoption and greatest growth potential currently, followed by Africa. Jonathan Chan, co-founder and head of partnerships at RedotPay, stated that growth is driven by factors such as real payment pain points, easy stablecoin access, strong fiat off-ramps, and regulatory clarity.

    RedotPay, which serves over 8 million users globally, reported that its total annualised payment volume, encompassing top-ups and card spending, currently exceeds $14 billion.

    Frequently asked questions

    A stablecoin is a type of cryptocurrency designed to maintain a stable value by being pegged to a stable asset, typically a fiat currency such as the U.S. dollar.

    According to RedotPay, Latin America currently has the highest adoption and greatest potential for growth, followed by Africa.

    Growth is attributed to real payment pain points, easy stablecoin access, strong fiat off-ramps, and regulatory clarity.
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    How It Developed

    Global stablecoin card spending is forecast to reach $50 billion annually by 2028.
    Stablecoin card spending surpassed $1 billion in July, a record month.
    RedotPay cited Latin America and Africa as regions with high adoption and growth potential.
    RedotPay's total annualised payment volume exceeds $14 billion.

    Sources

    T1
    Stablecoin card spending forecast to hit $50 billion a year by 2028 - RedotPayReuters

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