USDT Leads Stablecoins to Surpass Visa in Transaction Volume, Signaling Crypto’s Mainstream Breakthrough

In a historic milestone for cryptocurrency adoption, stablecoins have overtaken Visa in transaction volume during Q1 2025, with Tether (USDT) playing a pivotal role. The Bitwise crypto market Review reveals that fiat-pegged tokens processed $27.6 trillion—surpassing Visa by a narrow margin and exceeding Mastercard’s volume by 7.7%. This represents a 30% quarterly increase, predominantly driven by USDT, USDC, and DAI, with Ethereum settling 95% of these transactions. The achievement underscores the accelerating integration of digital assets into global finance and highlights the growing preference for blockchain-based settlement systems over traditional payment networks. As of May 2025, this development marks a watershed moment for crypto’s journey toward mainstream financial infrastructure dominance.

Stablecoins Surpass Visa in Transaction Volume as Crypto Integration Deepens

Stablecoin transaction volume eclipsed Visa’s payment processing in Q1 2025, marking a watershed moment for crypto’s mainstream adoption. The Bitwise Crypto Market Review reveals fiat-linked tokens processed $27.6 trillion—narrowly outpacing Visa and exceeding Mastercard by 7.7%. This 30% quarterly surge was driven primarily by USDT, USDC, and DAI, with Ethereum settling 95% of transactions.

The sector’s assets under management simultaneously hit a record $218 billion, reflecting 13.5% quarterly growth. Notably, stablecoin issuers now rank among the top 15 holders of U.S. Treasuries, underscoring their expanding role in traditional finance. Just three years prior, their volumes trailed Visa by nearly tenfold.

Bitget Wallet and Paydify Partner to Expand Stablecoin Payments

Bitget Wallet has integrated with Paydify, becoming its first wallet integration partner. This collaboration enables merchants to accept USDT and USDC payments from Bitget Wallet users via Paydify’s infrastructure, with instant settlements in stablecoins.

The initiative aims to onboard over 10,000 merchants globally, with Bitget Wallet waiving settlement fees to facilitate adoption. USDT’s market cap stands at $148.7 billion, while USDC holds $61.49 billion, underscoring the growing dominance of stablecoins in digital payments.

Bybit Launches Megadrop Platform to Simplify Token Airdrops

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has introduced Megadrop—a token launch platform designed to streamline participation in early-stage crypto projects. The initiative marks a significant upgrade to Bybit’s token distribution framework, offering a more accessible avenue for users to earn airdrops.

Unlike traditional airdrop models that require high trading volumes or complex conditions, Megadrop allows participants to subscribe to Fixed-Term Bybit Savings products using eligible tokens like $MNT, $USDT, $USDC, and $BBSOL. The platform promises consistent annual percentage returns while distributing future tokens.