BitPay
A digital asset payment processor enabling merchants to accept stablecoins like USDC and USDT, with stablecoins comprising nearly 40% of its 2025 payment volume.
What is BitPay?
BitPay, founded in 2011 and headquartered in Atlanta, Georgia, is a leading payment gateway that allows businesses to accept digital assets, including stablecoins such as USDC, USDT, and PYUSD, for goods and services. In 2025, BitPay expanded support to include Solana-based stablecoins like USDC and USDT, enabling low-fee transactions on the Solana network, which optimized efficiency for merchants processing global payments. The company reported that stablecoins accounted for nearly 40% of its total payment volume in 2025, highlighting their role in faster and cheaper cross-border transactions compared to traditional systems.
BitPay’s services include merchant invoicing, point-of-sale integration, and payroll solutions, with partnerships like Paxos for stablecoin settlements. In August 2025, BitPay released its State of Stablecoins Report, providing insights into industry trends such as automotive and luxury goods sectors adopting stablecoins for payments. The platform also offers a wallet app for users to buy, store, swap, and spend stablecoins, with enhanced support for Solana’s SOL token and SPL-based assets in 2025.
Related Terms
OP Stack and OP Superchain
The modular, open-source framework for building Ethereum Layer 2 chains, forming the interconnected Superchain ecosystem.
US Inflation Rate
The percentage increase in the general price level over a year, primarily measured by CPI at 2.9% for August 2025.
Solana (SOL)
A high-performance Layer-1 blockchain platform enabling fast, low-cost transactions for decentralized applications and digital assets using proof-of-history and proof-of-stake consensus.
Rug Pull
A scam in the digital asset space where developers or promoters of a project abandon it after raising funds, leaving investors with worthless tokens or assets.
Same Activity Same Risk Same Regulation (Hong Kong)
Hong Kong's regulatory principle ensuring uniform oversight for financial activities with equivalent risks, applied to stablecoin issuance under the Stablecoins Ordinance effective August 2025.
State Machine
A computational model where the blockchain maintains and updates a global state based on transactions.