August 19, 2025
Your August Newsletter for All Things BitPay and Crypto
The Important Bits
Big moves are reshaping crypto this month, from record-breaking stablecoin volume to new ways to spend and connect. BitPay now officially supports Solana, we’re officially WalletConnect Certified, and swaps, gift cards, and wallet tools are more powerful than ever. Plus, BitPay CEO Stephen Pair sits down with CNBC, Ethereum surges past $4K, Ripple makes a $200M bet on stablecoin payments, and the 1 BTC Club proves rarer than you think.
Let’s dive into what’s new and what’s next.
Industry News & Headlines
Industry News
Read news from across the blockchain industry:
Stablecoin Volume Hits Record $1.5T After GENIUS Act Passes: The U.S. GENIUS Act brought clarity to stablecoin regulation in July, fueling a record $1.5 trillion in on-chain stablecoin volume. USDC led the charge with nearly 50% of total transactions. (CryptoSlate)
The 1 BTC Club Is More Exclusive Than You Think: Fewer than 0.02% of the global population holds a full Bitcoin. Adjusting for exchange and institutional wallets, only ~850K individuals own 1 BTC or more, making it one of crypto’s rarest milestones. (CoinTelegraph)
Bitcoin Rallies as Trump Pushes Crypto Into 401(k) Plans: Markets jumped as President Trump moved to allow Bitcoin and other alternative assets in U.S. retirement accounts. BTC surged past $116K, with Ethereum also climbing 6%. (Yahoo Finance)
USDC Leads the Charge in Crypto Payroll Boom: A Pantera Capital survey shows 60% of crypto salaries are now paid in USDC. Stablecoins are gaining ground in global payrolls thanks to faster settlements and growing trust. (TradingView)
Ethereum Breaks $4K as Institutional Demand Surges: ETH hit $4,045, its highest level in 8 months, on the back of rising ETF inflows and corporate treasury accumulation. Ethereum’s role as the backbone of DeFi, stablecoins, and tokenization continues to strengthen. (Quartz)
Ripple Acquires Rail for $200M to Expand Stablecoin Payments: Ripple is buying Rail, a stablecoin-focused payments platform, to boost cross-border capabilities and cement its position in the growing stablecoin space. The deal follows the launch of Ripple’s RLUSD and rising regulatory clarity. (Reuters)
BitPay in the News
Watch BitPay Co-Founder and CEO, Stephen Pair, discuss crypto payments and more on CNBC Crypto World.
Market Movers
A quick snapshot of notable market activity, trends, and cryptocurrencies driving headlines.
BitPay + Solana: Real-World Utility Supercharged
Solana payments are now live in the BitPay Wallet! You can now buy, store, swap, and spend SOL, USDC, and USDT directly on Solana, all from the BitPay Wallet app. Merchants also now accept Solana-based payments, opening the door to one of crypto’s most active ecosystems.
This update brings faster, lower-cost transactions to users and merchants alike, and strengthens BitPay’s leadership in stablecoin payments.
With Solana support, you can:
Spend SOL, USDC, or USDT in-store, online, or on bills, right from the BitPay Wallet*
Buy Solana tokens at competitive rates via trusted partners
Swap, store, and send across Solana with ease
Cash out to fiat with PayPal, bank, or debit card
Use nearly any Solana wallet like Phantom, Solflare, or Backpack to pay BitPay merchants
Coming soon: Businesses will also be able to use Solana for payouts, expanding options for affiliates, vendors, and employees.
→ Read our guide to using Solana in the BitPay Wallet
*Geographic restrictions apply. Not available for NY residents.
BitPay Wallet is WalletConnect Certified
We’re now officially WalletConnect Certified, meeting top standards for security, performance, and Web3 compatibility.
This certification means:
Safer dApp connections
Faster, more reliable sessions
Seamless access to thousands of WalletConnect-enabled apps
Whether you’re exploring DeFi or connecting your wallet to dApps, you can do it all with confidence and speed.
BitPay’s State of Stablecoins 2025 Report [Exclusive Stablecoin Stats Inside]
In this exclusive report, BitPay shares firsthand insights on how stablecoins are being used across industries from automotive and luxury goods to software and real estate.
Powered by BitPay’s proprietary payment data, the report explores how stablecoins are evolving from a crypto convenience into a trusted tool for vendor payments, affiliate and contractor payouts, and large-ticket transactions.
Protect Your Crypto with a Multisig Wallet
Multisignature wallets, also known as joint, shared or multisig, prevent unauthorized access by requiring approvals from multiple trusted people or devices. BitPay’s multisignature wallet feature is 100% free, easy to set up, and self-custodial.
Why use multisig?
Prevent unauthorized access and mitigate risks.
Ideal for joint accounts, businesses, or additional security for personal wallets.
Simple setup directly within the BitPay Wallet app.
Limited-Time Offer: 5% Boost on Select Gift Cards
Now, through the end of August, get 5% more when you buy select gift cards with crypto in the BitPay app! Use your favorite coins to score extra value on brands including Cabela’s, Lowes, Home Depot, Bass Pro Shop, and One4all. Terms and conditions apply.
Offer ends August 31st - don’t miss out! Check the BitPay app each month for more boosted gift cards.
Swap across multiple chains with 1000+ tokens
Take control of your crypto portfolio with seamless swaps across major chains like Solana, Ethereum, Bitcoin, Base, and more. With BitPay Wallet, you can swap tokens quickly, and manage everything in one self-custody app. No extra logins, no app switching, no hidden fees. Whether you’re diversifying, rebalancing, or making the next big move, BitPay makes it fast, simple, and transparent.
Merchant Updates
CatalystPay Now Supports Crypto with BitPay
Global payments platform CatalystPay has integrated BitPay to offer crypto payments across BTC, ETH, stablecoins, and more. The partnership expands crypto access for CatalystPay merchants, with fast, secure settlement in local currency.
→ Read more about the integration
Crypto Marketing Tips for Merchants
According to a Forrester Study, merchants who promote crypto acceptance attract new customers (up to 40%) and double their average-order-value (AOV).
Marketing Tip: Include crypto acceptance messaging on your homepage
Highlighting the ability to pay with crypto, use BitPay at checkout, or an incentive when you pay with crypto is a great way to advertise the payment method option. This can be done as a pop-up or static banner, or on a homepage carousel or static image.
→ Read more crypto marketing tips
Merchant Shoutouts
Highlighting merchants driving crypto adoption and exciting promotions.
Shop APMEX’s silver and gold popular categories, including pop culture collectibles. Shop now!
OneGold gives you direct ownership of vaulted gold, silver, and platinum at an ultra-low cost. Start your free account today.
Buy a domain name with Namecheap today!
Ready to start accepting crypto with your Shopify business? Get started today with the BitPay app!
Instantly deploy high-performance cloud servers, cloud GPUs, bare metal, and cloud storage worldwide with Vultr. New users receive $100 to test their platform.
Use BrandBucket to name your business.
Shop US stores and have your items reliably shipped back home withQwintry
BitPay Travel
BitPay Travel is now open to all! In collaboration with Xeni, BitPay Travel allows crypto users to pay for flights, hotels, rental cars, and activities with their cryptocurrency. Book your travel at great prices and pay straight from your cryptocurrency wallet.
Developer Notes
SDK Releases
eCommerce Plugin Releases
General Notes
Node.js SDKs v7.0.3 - v7.0.7 were only for testing a new deployment and changelog automation process
WordPress 6.8.2 and WooCommerce 10.0.0 are now supported
Python 3.9 support will be dropped and 3.14 will be added in October 2025
PHP 8.1 support will be dropped and PHP 8.4 will be added in January 2026
Note: All information herein is for educational purposes only, and shouldn't be interpreted as legal, tax, financial, investment or other advice. BitPay does not guarantee the accuracy, completeness, or usefulness of any information in this publication and we neither endorse, nor are we responsible for, the accuracy or reliability of any information submitted or published by third parties. Nothing contained herein shall constitute a solicitation, recommendation, endorsement or offer to invest, buy, or sell any coins, tokens or other crypto assets. BitPay is not liable for any errors, omissions or inaccuracies. For legal, tax, investment or financial guidance, a professional should be consulted.
