Bitget Wallet Sees Stablecoin Success in Asia Through Wallet Layer Integration
Bitget Wallet's Head of APAC, Will Wu, argues that Asia's stablecoin race will be determined at the wallet layer. The key is to seamlessly connect global digital dollars with local payment systems.
In a recent panel discussion, Wu stated that progress in the stablecoin market will no longer be measured by issuance growth, but by how easily users can spend stablecoins in their daily lives. He cited the example of QR payment volume on Bitget Wallet across Asia nearly quadrupling in H1 2026.
The next challenge for stablecoins is making them work locally, according to Wu. Users should be able to hold the currency they choose and spend in the local currency without having to manually convert it. This requires more than just fast blockchain settlement; local currency conversion, merchant acceptance, regulatory compliance, and familiar payment rails are all crucial factors.
Bitget Wallet is building towards this model through its Onchain Payments Matrix, a payment coordination layer connecting stablecoin issuers with card networks, QR payment systems, on- and off-ramp providers, and local financial rails. By 2027, Asia's winning model will look like a wallet-led experience connecting global stablecoin liquidity with local payment systems.