What happened? Bitget rolled out stablecoin QR payments, cross-chain transfers, and built merchant and card partnerships.
Bitget enabled stablecoin payments via national and blockchain QR systems like VietQR, Solana Pay and Brazil’s Pix, and partnered with merchants and payment firms to expand acceptance. They now support all stablecoins in their QR feature, simplified moving stablecoins across chains with minimal fees, and announced ties with Mastercard and plans for a physical crypto-linked card. The company also hinted at a major upcoming partnership in Asia and ongoing talks with regulators, signalling more product launches soon.
Who does this affect? Consumers, merchants, underbanked people, and traditional finance partners.
Anyone who uses QR payments in Southeast Asia, Brazil or elsewhere can now pay directly with stablecoins through the Bitget wallet. Merchants and payment providers stand to benefit from lower fees and new settlement options as they accept stablecoin payments via existing QR infrastructure. Underbanked populations, crypto users seeking yields, and traditional finance firms eyeing partnerships are also impacted by increased access and integration.
Why does this matter? It could drive broader crypto adoption, boost transaction volumes, and attract mainstream finance into the stablecoin market.
Lower fees and faster settlement from stablecoin QR payments make crypto practical for everyday purchases, which can increase merchant adoption and consumer usage. Easier cross-chain transfers and broad stablecoin support reduce friction and raise demand for wallet and card solutions, expanding liquidity and utility. Partnerships with Mastercard and potential big traditional finance players, plus regulatory engagement, point to growing mainstream integration that could accelerate market growth for stablecoins and related services.