Stablecoin spending to quadruple by 2028

Redot Pay company expects global spending through stablecoin cards to quadruple, reaching $50 billion annually by 2028, as their use in payments worldwide continues to grow. In July, spending via stablecoin cards surpassed $1 billion, according to PaymentsScan data, indicating an accelerating adoption. Stablecoins offer stability by linked to assets like the dollar, and are increasingly used for cross-border payments, treasury management, and transaction settlements, with the highest adoption rates in Latin America, followed by Africa. Total annual payments through these coins exceed $14 billion, with further growth anticipated in the coming years.

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