RedotPay forecasts $50B stablecoin card spending in 2028

RedotPay projected on Aug. 25, 2026 that global stablecoin card spending could reach roughly $50 billion a year by 2028. The company tied the forecast to a record month in July 2026 when a headline analytics dataset showed monthly spending above $1 billion.

One analytics headline dataset put July 2026 spending at about $1.03–$1.04 billion across more than 10 million purchases, a 16% increase from June and up from about $339 million a year earlier. A separate onchain dataset recorded $759 million for the same month across nearly 9 million purchases, with an average transaction of roughly $86. The difference reflects methodology: the larger figure includes issuer-reported transactions while the onchain figure counts only activity visible on public blockchains. RedotPay is the largest card program in the tracked market and reports its own spending.

RedotPay reported more than 8 million users worldwide, total annualised payment volume above $14 billion including card spending and account top-ups, and cumulative transaction volume past $10.9 billion. The company raised $107 million in a December 2025 Series B led by Goodwater Capital with participation from Circle Ventures, Pantera Capital and Blockchain Capital, bringing total capital raised to about $194 million and valuing the business above $1 billion. Reports indicate RedotPay is preparing a U.S. initial public offering that could target a valuation up to $4 billion.

The company attributes the forecast to four adoption drivers, with geography cited as the first. Jonathan Chan, co-founder and head of partnerships, said, “The fastest markets are not necessarily those with the highest crypto penetration.” He said growth tends to appear where consumers face payment friction, have easy stablecoin access, can convert to fiat readily, and where rules are clearer.

RedotPay identified use cases such as dollar-denominated savings, international purchases, travel spending and access to payment products not available from local banks. The company said it based the projection on its operating data and observed adoption patterns in the markets it serves.

Market tracking shows a small number of issuers account for most stablecoin card volume. The concentration means overall category volume depends heavily on a few large programs. At the same time, revenue options are widening beyond card interchange: some issuers now offer merchant acquiring services, and card networks have described multi-part strategies that include issuance, tokenised deposits and commerce integrations.

Both issuer-reported and onchain datasets show rapid year-on-year growth in stablecoin card activity. RedotPay used its internal data and market signals to build the $50 billion projection. The company noted that total global card spending runs into the tens of trillions of dollars, so the projected stablecoin card volume would represent a small fraction of overall card payments.