Overview
- PaymentsScan’s tracked data, cited across outlets, put monthly stablecoin-funded card spending at about $1.03–$1.04 billion in July 2026 with more than 10 million purchases.
- U.S. dollar‑pegged stablecoins dominated activity with USDC at roughly 50.8% and USDT at about 20.3, together funding over 70% of tracked transactions.
- Three issuers — RedotPay, EtherFi and KAST — handled roughly 77% of the July volume, showing the market is concentrated among a few large platforms.
- Adoption is strongest in lower‑income and emerging markets, especially Latin America, where routine buys like groceries, food delivery and ride‑hailing lead usage.
- Industry players project rapid growth — RedotPay forecasted a $50 billion annual run‑rate by 2028 — but the headline totals rely on PaymentsScan’s dataset which has known coverage and methodological limits.