what's Onchain Payments Matrix?

The Onchain Payments Matrix is a live stablecoin payment infrastructure that serves as a coordination layer unifying fragmented onchain payments. It connects payment networks like Mastercard and Visa, stablecoin issuers such as Tether and Circle, blockchain rails including Solana, Arbitrum, Base, Polygon, Tron, Stellar, BNB Chain, and others, along with onramps like MoonPay, Transak, Banxa, and liquidity providers. This network enables seamless integration across over 40 players to facilitate global stablecoin transactions at the user-merchant interface. Launched by Bitget Wallet, it supports 90 million users accessing 150 million+ merchants across 50 markets via a self-custodial platform. Key features include cross-border transfers, QR payments at 2.5 million+ merchants in Asia and Latin America, and programmable settlements for AI agents, addressing fragmentation in banking systems, regional networks, and blockchains without relying on institutional settlement layers.

Onchain Payments Matrix joined Morph as a launch partner.