A new report from CoinGate shows Bitcoin took back the crown in cryptocurrency payments during 2025. Here’s how the rest of the rankings looked.

Bitcoin Was The Most Used Cryptocurrency On CoinGate In 2025

In a new thread on X, digital asset payments processor CoinGate has shared insights from its latest report about transactions that occurred on the platform in 2025. In total, CoinGate processed 1.42 million cryptocurrency payments during the year, bringing its total lifetime payments beyond 7 million.

As the below pie chart shows, Bitcoin accounted for the largest share of these payments.

Back in 2024, Tether’s USDT ranked the highest in payments on the platform, beating Bitcoin. With a share of 22.10% in 2025, however, the original cryptocurrency managed to reclaim the top spot over the stablecoin, which ended the year with a payments dominance of 16.60%.

The third position was occupied by Litecoin, which was involved in 14.40% of CoinGate payments. In Summer 2025, LTC even briefly became the second-best coin in the metric. Litecoin being preferred over some other popular assets could be due to the fact that its blockchain offers cheap and fast transactions as core features.

Ethereum and Tron, the fifth and sixth most used coins, both observed growth in payments dominance during 2025. “TRX payment share grew from 9.1% to 11.5% and ETH from 8.9% to 10.6%,” noted CoinGate.

In terms of networks, the Bitcoin blockchain, including the Lightning Network, was the most widely used on the platform in 2025, symmetrical with the token’s payments share itself.

As displayed above, the second and third largest networks on CoinGate were Tron and Ethereum, occupying shares of 19.6% and 15.1%, respectively. These blockchains being above Litecoin despite their native tokens accounting for lower payment shares is because they also facilitate stablecoin transactions.

The United States led in country rankings on the platform, with 24.37% of payments on the platform taking place in the nation. Germany and Netherlands rounded out the top three with shares of 6.83% and 5.16%, respectively.

Cryptocurrencies saw significant usage on the platform in terms of being a payment mode, but that’s not all they were used for. According to the report, merchants also increasingly chose to settle in digital assets.

More specifically, cryptocurrency settlements rose from 27% in 2024 to 37.5% in 2025. Stablecoins were the preferred option for merchants, being involved in 25.2% of all settlements, while Bitcoin occupied a smaller, but still notable, 9.7% share.

Merchants also used cryptocurrencies to pay vendors, affiliates, partners, and contractors. “The most popular payouts were in USDC, Bitcoin, and Ethereum,” said CoinGate. Stablecoins once again dominated here, occupying a payouts share of 87.8%.

BTC Price

At the time of writing, Bitcoin is trading around $88,300, down more than 9% over the last week.

Bitcoin Magazine

Klarna Partners With Privy to Explore Use of Crypto Wallets

Just weeks after announcing a stablecoin, Swedish fintech giant Klarna is taking another step into crypto. The company has teamed up with Privy, a wallet infrastructure platform owned by Stripe, to explore digital asset solutions for its users.

The partnership will focus on research and development of crypto wallet features, the company said. The two aim to make it easier for everyday users to store, use, and send digital assets. The move builds on the company’s recent launch of KlarnaUSD, a U.S. dollar-backed stablecoin issued on the Tempo blockchain.

“Millions already trust Klarna to manage everyday spending, saving, and shopping,” said Sebastian Siemiatkowski, CEO and co-founder. “That puts us in a unique position to bring crypto into the financial lives of normal people, not just early adopters. With Privy, we plan to build products that feel as intuitive as any other Klarna feature.”

KlarnaUSD was launched with Tempo and Bridge, a Stripe-backed stablecoin infrastructure provider. 

The token is live on Tempo’s testnet and expected to launch on mainnet in 2026. The fintech giant said the stablecoin could reduce global cross-border payment costs, currently estimated at $120 billion annually.

JUST IN: Fintech giant Klarna to develop #Bitcoin and crypto wallet features within its financial products.

Bullish pic.twitter.com/UChKCUyOzZ

— Bitcoin Magazine (@BitcoinMagazine) December 11, 2025

100 million accounts coming to crypto via Klarna

Privy powers over 100 million accounts for more than 1,500 developers. The platform supports crypto-native applications like OpenSea and Hyperliquid. 

Henri Stern, CEO and co-founder of Privy, said the partnership will allow users to hold a wide variety of digital assets, trade safely, and transact with friends anywhere in the world.

“We’re proud to partner with world-class fintechs like Klarna, providing the secure, enterprise-ready infrastructure they need,” Stern said. “Privy aims to be the backbone for any business that wants to harness the exciting capabilities crypto and stablecoins offer.”

The initiative reflects a growing trend. Traditional fintechs are now testing ways to integrate crypto tools into everyday consumer finance. The company said any future wallet or crypto product would require the necessary regulatory approvals before launch.

Venture capital firm a16z estimates that 716 million people globally hold cryptocurrencies. Between 40 million and 70 million transact with crypto each month. That figure grows by roughly 10 million users a year.

Klarna’s push into crypto marks a sharp turn for the company. CEO Siemiatkowski was once a vocal skeptic of digital currencies. 

He said the market’s maturity and Klarna’s global reach now justify this entry. Klarna serves 114 million customers and processes $112 billion in annual gross merchandise volume.

The company plans to explore further crypto initiatives. A blog post on Thursday hinted at a new announcement “in a week or so,” suggesting more developments are coming soon.

This post Klarna Partners With Privy to Explore Use of Crypto Wallets first appeared on Bitcoin Magazine and is written by Micah Zimmerman.