BitPay’s USDT Expansion on Solana Signals Growing Stablecoin Dominance in Crypto Payments

BitPay, a leading cryptocurrency payment processor, has taken a significant step toward mainstream crypto adoption by fully integrating the Solana blockchain into its platform. This strategic move allows users and merchants to seamlessly transact using SOL, USDC, and notably USDT—Tether's dollar-pegged stablecoin that continues to dominate the payment sector. With stablecoins already accounting for nearly 40% of BitPay's payment volume, this Solana integration leverages the network's high-speed, low-cost transactions to further accelerate USDT's penetration into everyday commerce. The 2025 development underscores how dollar-backed digital assets are becoming the bridge between traditional finance and blockchain ecosystems, particularly as merchants seek volatility-resistant settlement options. Solana's technical advantages position USDT for even greater utilization in both retail and institutional payment flows, potentially reshaping how value moves globally.

BitPay Expands Crypto Payment Options with Full Solana Integration

BitPay, a leading cryptocurrency payment processor, has announced comprehensive support for the solana blockchain. The integration enables users and merchants to transact with SOL, USDC, and USDT through BitPay's wallet and merchant network. Stablecoins now represent nearly 40% of BitPay's payment volume, a figure likely to grow given Solana's low transaction fees.

"Solana isn't just a blockchain—it's become a hub for stablecoin activity and one of crypto's most engaged communities," said BitPay CMO Bill Zielke. The MOVE builds on BitPay's stablecoin leadership since 2021, offering faster settlements at reduced costs.

Users gain three key capabilities: spending SOL or Solana-based stablecoins at supported merchants, purchasing Solana ecosystem assets directly, and secure storage within BitPay's wallet infrastructure. The integration notably includes access to gift cards from 250+ major brands.

Cloud Mining Gains Traction as Crypto Markets Heat Up

Bitcoin's approach toward all-time highs and Ethereum's post-ETF surge are fueling renewed interest in cryptocurrency investment. Ripple's expanding XRP ecosystem adds further momentum to the market. For investors seeking passive exposure without hardware hassles, cloud mining platforms like DEAL Mining offer turnkey solutions.

The UK-based service, with 6.8 million users, utilizes AI-optimized clean energy operations to mine BTC, XRP, Doge and other major coins. Daily payouts and enterprise-grade security address traditional mining pain points. This model could democratize access as institutional capital flows into digital assets.

Citigroup Explores Stablecoin Custody and Crypto ETF Services in Digital Asset Push

Citigroup is preparing a major expansion into digital assets, with plans to offer custody services for stablecoin reserves and crypto-based ETFs. The bank's move positions it as a direct competitor to established crypto custodians like Coinbase, leveraging recent regulatory shifts that favor traditional financial institutions.

The initiative focuses on safeguarding assets backing stablecoins—primarily US Treasuries and cash—while also developing solutions to accelerate stablecoin payments. Custody services for underlying assets in crypto ETFs are under active consideration, capitalizing on the segment's explosive growth.

This strategic pivot follows the GENIUS Act and other regulatory changes that have opened stablecoin infrastructure to banks. Citigroup appears poised to challenge Coinbase's dominant 80% share in ETF custody, with potential plans to issue its own stablecoin in the future.