Global Cryptocurrency Payment Trends: A Comprehensive Overview
Insights into Cryptocurrency Usage: USDT Leads, Bitcoin Follows
CoinGate, a prominent cryptocurrency payment processor, has released a detailed analysis of digital asset payment preferences globally. This report reveals intriguing shifts in the composition of cryptocurrency transactions over recent years.
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USDT: Dominant in the Crypto Payment Sphere
In 2023, Bitcoin was the frontrunner in CoinGate’s payment orders, capturing 35.4% of the total volume. However, by 2024, a notable shift occurred as Tether’s stablecoin, USDT, surged in popularity, climbing from 25.5% to 39.7% and overtaking Bitcoin as the favored cryptocurrency.
By mid-2025, USDT’s dominance slightly receded, with its share dropping to 24.8%. Despite this, it maintained its lead over Bitcoin, which saw a modest recovery to 23.3%.
Litecoin’s Steady Ascent
Litecoin has consistently shown growth, holding its third-place position in CoinGate’s payment orders. Its share increased from 9.3% in 2023 to 13.6% in 2025, suggesting that its efficient and low-cost transactions are gaining traction among users.
Geographical Distribution of Crypto Payments
According to CoinGate’s analysis, the United States is leading the charge in cryptocurrency payments, accounting for 23.28% of the platform’s global orders. Germany follows with 6.57%, while the United Kingdom secures the third spot at 4.88%.
Regional Cryptocurrency Preferences
CoinGate’s data highlights regional differences in cryptocurrency preferences. In the United States, Bitcoin is the predominant choice, constituting 40% of all transfers. Additionally, the U.S. is at the forefront of Lightning Network transactions, with 54% of global activity originating from American users.
Europe exhibits a more diverse cryptocurrency usage pattern, with no single digital asset dominating. In contrast, stablecoins, particularly USDT, have a strong foothold in Asia, accounting for 50% of orders in Hong Kong and 43% in India.
Altcoin Usage Across Continents
Nigeria stands out in Africa with significant activity in Binance Coin (BNB) and Shiba Inu, contributing to 8% and 7% of global orders, respectively. In Latin America, Solana was a major player in Brazil in 2024, but its popularity has waned in 2025, dropping from a 14% global share to just 2%.
Bitcoin Market Dynamics
Currently, Bitcoin is trading at approximately $119,100, experiencing a 1% decline over the past 24 hours. Despite recent fluctuations, Bitcoin continues to be a central player in the cryptocurrency market.
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