July 2026 marked a new milestone in crypto payment adoption. Monthly spending via stablecoin cards reached $1.04 billion, crossing the one-billion-dollar mark for the first time. This represents a three-fold increase from July 2025, which stood at just $339 million.
Data from independent payment data provider Paymentscan shows that cumulative total stablecoin card volume has now surpassed $10.9 billion. The pace of growth has transformed the industry landscape in just months. Three years ago, when RedotPay first launched its card to the public, the entire industry processed only about $60,000 a month. Today, that exact spending volume is reached in just four minutes.
Not Just a Trading Tool
This shift in volume is driven by evolving consumer spending habits. RedotPay co-founder Jonathan Chan emphasized that users of their service are not speculative crypto traders. They are everyday people seeking more efficient ways to manage their daily finances.
The scale of this growth is evident in RedotPay’s internal figures. The company currently records an annualized payment volume of around $14 billion, with annual revenue surpassing $180 million. Its user base has reached eight million people across more than 100 countries. Its expansion path has widened further after securing its first money transmitter license in the United States, with license applications across 20 other states currently pending approval.
Payment Giants Step In
RedotPay targets annual spending via stablecoin cards to surge toward $50 billion by 2028. This projection does not come out of thin air, but aligns with traditional payment giants actively embracing crypto infrastructure.
Since June, Mastercard has facilitated transaction settlement using six regulated dollar-pegged stablecoins. This lineup includes USDC, PayPal USD, and Ripple USD, with settlement running on Ethereum, Solana, and the XRP Ledger. Stripe took a similar path by building stablecoin card infrastructure through Bridge across more than 100 markets shortly after completing its acquisition.
Much has changed behind the scenes, yet the consumer-facing experience remains seamless. For millions of users, adopting blockchain technology no longer requires complex passwords or digital wallets - just a standard plastic card that can be swiped at the checkout counter.
Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
