Stablecoin payment-card spending reached a record $1.076 billion in August, following July’s approximately $1.04 billion and marking a second consecutive month above $1 billion, according to Paymentscan data. August transactions rose to about 10.67 million and addresses exceeded 283,000, while RedotPay processed roughly $390.1 million, or 36% of volume, and more than 6.34 million transactions, or 54%. The market remains concentrated, with three programs generating 55.6% of volume, and RedotPay’s figures are self-reported. Stablecoin supply fell 3.6% from its May peak to about $304 billion even as card activity reached records, suggesting users may increasingly fund balances for spending rather than hold excess capital.