Litecoin Surges Past Ethereum to Become Second-Biggest Payment Crypto

Litecoin (LTC) has surged to second place in cryptocurrency payment rankings, surpassing Ethereum and major stablecoins like USDC and USDT. According to data from CoinGate, a Lithuanian payment processor, Litecoin captured 14.5% of crypto payments in July.

This marks a significant shift in customer preferences, with Bitcoin maintaining its leading position at 22.9%. Despite ranking 19th by market capitalization, Litecoin's fast and cheap transaction capabilities have made it popular for payment processing.

The data also reveals that merchant adoption of cryptocurrency settlements has jumped from 27% in 2024 to 40.9% in the first half of 2025, indicating growing business comfort with digital assets.