Bitget Wallet has launched the Onchain Payments Matrix, a comprehensive global payment infrastructure designed to unify fragmented financial systems and facilitate stablecoin payments across various consumer applications and emerging economic activities. This innovative network has made its public debut with integrations from major players including Mastercard, Tether, Circle, and MoonPay, along with regional banking and payment partners, effectively connecting merchants and financial institutions on a global scale.
The Onchain Payments Matrix establishes a seamless connection among blockchains, stablecoin issuers, card networks, liquidity providers, banks, and merchants. This system enables stablecoins to transition effortlessly between on-chain and traditional payment networks, thereby enhancing everyday commerce, cross-border transfers, and innovative financial applications. The infrastructure is robust enough to manage stablecoin transactions in bulk, linking 90 million users to over 150 million merchants across more than 50 markets. It is engineered to support upwards of 155 million transactions, generating a total volume exceeding $177 billion.
Bitget Wallet’s approach differentiates itself from existing industry programs that are often in pilot phases. The Onchain Payments Matrix focuses on direct user and merchant interactions, rather than operating solely at the institutional settlement level, making stablecoins not merely theoretically usable but practically accessible. COO Alvin Kan emphasized that the sector lacks a cohesive infrastructure layer to unify disparate payment systems, complicating usability despite the growth of stablecoins.
The launch of the Onchain Payments Matrix aligns with a notable surge in stablecoin activity, where global transaction volumes have exceeded $33 trillion. Furthermore, spending through crypto-linked cards saw a remarkable increase of 525% year-on-year in 2025. As major financial institutions and card networks work to integrate stablecoins into their existing frameworks, the challenge has shifted from creating new payment systems to coordinating those already in existence at this consumer scale.
Despite the growing usage of stablecoins, the existing payment infrastructure remains disjointed across various banking systems and regional networks. The Onchain Payments Matrix directly addresses these challenges, facilitating liquidity and settlement across multiple financial networks via a single, well-coordinated layer. Through its partnerships, Bitget Wallet supports a variety of payment systems across both global and regional markets. It runs crypto card programs in over 50 jurisdictions worldwide and allows QR payments to connect with more than 2.5 million merchants, primarily in Asia and Latin America. Additionally, it features cross-border banking services, linking over 300 financial institutions for direct wallet-to-bank transfers.
Looking forward, Bitget Wallet aims to extend the capabilities of the Onchain Payments Matrix by integrating with additional global settlement networks, banks, and stablecoin issuers while broadening its regional payment routes. The development of programmable payment infrastructure for AI agents is also underway, facilitating a coordinated effort between human and machine participants as agent-driven commerce transitions from a concept to reality.
With the Onchain Payments Matrix, Bitget Wallet is positioned not just as a participant in the burgeoning stablecoin ecosystem but as its central coordinating layer, ensuring that every component of the system operates in harmony. Users interested in learning more can explore the Onchain Payments Matrix website for further details.
Bitget Wallet, designed for everyday financial needs, aims to simplify crypto usage and secure users’ transactions in their daily lives. With an expansive user base of over 90 million, it features a comprehensive self-custodial platform that allows users to send, spend, save, and invest in cryptocurrency directly. The app, underpinned by the Onchain Payments Matrix, enables stablecoin payments at scale and programmable settlements for AI-driven transactions, while ensuring full user control over their assets and private keys through a substantial $700 million user protection fund.
