Three Years and $10 Billion Later: The Rise of Stablecoin-Powered Card Payments

There comes a point when a new way of doing things ceases to be remarkable and becomes mainstream. Stablecoin cards have reached it. 

Three years ago, when we first launched our card, the industry processed $60k per month. Today, stablecoin-powered cards do that in about four minutes.

People have now used stablecoin cards to spend more than $10.9 billion in total, according to independent data firm Paymentscan. July 2026 was the industry’s biggest month to date, and it was ours too.

We’re proud of our leadership position within the industry, and recognize that it comes with a great responsibility. But we also think that focusing too much on ‘who’s up and who’s down’ risks losing sight of who we are truly building for.

Who’s actually behind the number

The real story is how stablecoin-powered cards are changing people’s lives.

Think about what $10.9 billion means. It’s groceries, subscriptions, travel, and rent, paid for by ordinary people in more than a hundred countries who, just a few years ago, were looking for better ways to save, spend, and move their hard-earned funds.

Picture someone in North Africa who needs a card to buy a subscription to an AI service to help grow their small business. Or someone in Central Asia who wants Apple Pay or Google Pay, but whose bank doesn’t support it, tapping their phone to pay for the first time. We know many people in South America who keep some savings in dollars and want a card that they can use when they travel.

Three people, three continents, three totally different use cases. We have more than eight million users, and each of them has different motivations, challenges, and life circumstances. What connects them is a shared need for accessible payments. They’re not necessarily crypto traders. They’re people who found a better way to manage their finances because the previous options they had weren’t good enough.

Why crypto card users have soared, and what comes next

It’s worth being clear about why this happened, because it wasn’t inevitable.

First, the rules got clearer in the markets that matter most, which gave people confidence to try something new and gave serious companies a solid legal and compliance framework to build on.

Second, product quality took a huge leap forward. User interface and user experience got more intuitive. On-ramps and off-ramps got far better in terms of coverage and pricing. Support improved, and customer satisfaction improved with it.

The industry will only continue to gain momentum. Fast-growing companies will invest in licensing and compliance. Traditional finance companies will increase their synergies with stablecoin rails. Meanwhile, new service providers aiming to connect traditional banking rails with our industry will proliferate, pushing costs down through competition.

It took the industry three years to process its first $10 billion in card spend. We predict the next $10 billion will take eight months, and by 2028 stablecoin-powered cards will be moving $50 billion a year in annualized spend volume. When you consider that over $20 trillion will be spent this year on traditional cards, the number no longer seems unattainable.

Our strategy

Our strategy in the next few years will be twofold: leading the industry in terms of product innovation and regulatory compliance.

We’re building an ecosystem that does far more than enable our users to spend stablecoins anywhere. They are now empowered to save, earn, access credit and loans, and send crypto and local currencies across borders. We will continue to redefine what our app can do for our users, while keeping stablecoin payments as our anchor.

We also believe the future will belong to companies that build sustainably, embrace change, and innovate responsibly. That’s why we are pursuing licenses in key markets, undergoing annual financial and AML audits, and upholding the highest standards for security. 

The numbers behind our industry’s growth are impressive. But at the end of the day, numbers can tell some but not all of the story. The human stories, about how the product has helped our users in some big or small way, are far more important to us. These stories are what we will use as motivation as we look to shape the next chapter for RedotPay and the industry.

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