Bitget Wallet debuts stablecoin payments infrastructure integrating with Ripple, Mastercard, Tether, and others

Bitget Wallet launched the Onchain Payments Matrix on Wednesday, unveiling a live infrastructure designed to connect stablecoins with both traditional and blockchain-based financial networks. 

The infrastructure includes integrations with Ripple, Mastercard, Visa, Tether, Circle, and MoonPay, linking users to more than 150 million merchants across 50 markets, according to a statement shared with The Block.

The app, which claims to serve over 90 million users globally, provides a self-custodial platform that allows customers to send, spend, save, and invest in digital assets. 

Bitget Wallet said the Onchain Payments Matrix is positioned as the underlying layer connecting issuers, banks, card networks, liquidity providers, and merchants to streamline stablecoin payments across consumer, cross-border, and emerging agentic financial applications.

According to the statement, the network is designed to operate at scale and also supports QR payments at more than 2.5 million merchants across Asia and Latin America.

The company said the infrastructure targets fragmentation across banking systems, regional payment networks, and disconnected blockchain ecosystems. Unlike industry programs still in pilot or partnership frameworks, Bitget Wallet said the Onchain Payments Matrix operates at the user and merchant interface rather than the institutional settlement layer.

The launch comes as stablecoins increasingly underpin global payment activity. Bitget Wallet noted that annual global stablecoin transaction volume has surpassed $33 trillion, while spending through crypto-linked cards grew 525% year-on-year. 

According to The Block’s data dashboard, the total stablecoin supply stands at $298.9 billion, with Tether's USDT accounting for $184 billion and Circle's USDC accounting for nearly $80 billion.