Consumers have spent more than $10.9 billion using payment cards linked to stablecoins, Hong Kong-based card company RedotPay quoted data from Paymentscan as saying.

In a statement on Tuesday, RedotPay said stablecoin technology had grown from novelty to mainstream use. The industry processed $60,000 per month three years ago when RedotPay started, but now the figure is processed in four minutes, RedotPay highlighted.

RedotPay attributed the growth to clearer regulation in major markets and improvements in product design, on- and off-ramps and customer support. It forecast that the sector would process its next $10 billion in about eight months and reach $50 billion in annualized card spending by 2028.

The company said many of its customers were not cryptocurrency traders but people seeking more accessible payments. It gave examples such as a small-business owner in North Africa paying for an AI subscription, a user in Central Asia making a first contactless payment through a phone, and savers in South America holding some funds in dollars for use while traveling.

The company will focus on product innovation and regulatory compliance, including pursuing licences in key markets and undergoing annual financial and anti-money-laundering audits. It will expand its app beyond stablecoin payments to let users save, earn, borrow, and send money across borders.

Founded in 2023, RedotPay is a Hong Kong-based stablecoin payments company offering Visa-linked cards, valued at more than $1 billion in a 2025 funding round backed by investors including Lightspeed, HongShan, and Coinbase Ventures.

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