Bitget Wallet launches stablecoin payment matrix with Ripple and Mastercard

• Bitget Wallet has launched the Onchain Payments Matrix, a comprehensive infrastructure connecting stablecoins to traditional financial networks.
• The system integrates major global partners including Mastercard, Visa, Ripple, Tether, Circle, and MoonPay.
• The platform provides access to over 150 million merchants across 50 markets, with specific support for QR payments in Asia and Latin America.

Bridging Digital and Traditional Finance

Bitget Wallet has officially introduced its Onchain Payments Matrix, a live infrastructure designed to facilitate the use of stablecoins across both blockchain and legacy financial systems. By integrating with industry giants like Visa, Mastercard, and Ripple, the platform aims to streamline how digital assets are used for everyday transactions. This self-custodial solution allows the wallet's 90 million users to send, save, and invest their assets while maintaining full control over their funds.

Global Reach and Merchant Integration

The new infrastructure connects users to a massive network of over 150 million merchants globally. A key component of this rollout is the support for QR code payments, which is already active at more than 2.5 million locations across Latin America and Asia. Unlike many institutional projects that remain in testing phases, this matrix operates directly at the consumer and merchant interface, targeting the inefficiencies and fragmentation found in current banking and regional payment networks.

The Surge in Stablecoin Utility

The launch of this payment matrix comes at a time of unprecedented growth for stablecoins in the global economy. Bitget Wallet reports that annual transaction volumes for stablecoins have climbed above $33 trillion, and the use of crypto-linked payment cards has skyrocketed by 525% over the past year. Current market data further illustrates this dominance:

• The total supply of stablecoins is valued at $298.9 billion.
• Tether (USDT) remains the market leader with a supply of $184 billion.
• Circle (USDC) accounts for approximately $80 billion of the total supply.