Litecoin Jumps to Second Place in Cryptocurrency Payment Revolutions, According to CoinGate Data
In the ever-evolving world of digital assets, Litecoin (LTC) has made a significant stride, becoming the second most preferred cryptocurrency for payments on CoinGate, a digital asset payment processing service provider.
This rise in popularity is primarily due to Litecoin's fast transaction times and low fees, making it an attractive choice for merchants and users seeking efficient and affordable crypto payments. In July 2025, Litecoin accounted for 14.5% of all crypto payments on CoinGate, second only to Bitcoin’s 22.9%, and ahead of popular stablecoins such as USDC and USDT.
Several factors have contributed to Litecoin's growing payment adoption. One factor is the increasing confidence among merchants. Nearly 40% of CoinGate’s merchants now retain the cryptocurrency revenue they receive in LTC, up from 27% in 2024, indicating trust in Litecoin as both a medium of exchange and store of value.
Another factor is the network milestones achieved by Litecoin. The digital asset surpassed 300 million transactions in 2025, reflecting strong ongoing network usage and utility beyond speculation. Litecoin’s integration into platforms like Telegram Wallet has also made it more accessible for global microtransactions, further boosting adoption.
Growing institutional interest, highlighted by corporate treasury allocations like MEI Pharma's $100 million LTC holding, plus optimistic ETF approval prospects, have brought renewed attention and legitimacy to Litecoin. Regulatory clarity, with Litecoin classified by the Commodity Futures Trading Commission (CFTC) as a commodity, also reduces legal uncertainty and supports Litecoin's standing in the crypto space.
In summary, Litecoin’s combination of technological efficiency, growing merchant and institutional adoption, accessible integrations, and regulatory clarity explains why it has achieved its prominent position as the second most used cryptocurrency for payments on CoinGate. As the digital asset landscape continues to evolve, it will be interesting to see how Litecoin's position and usage continue to grow.
[1] CoinGate Report on H1 2025 Digital Asset Payments [2] Litecoin Foundation News Release: Litecoin Surpasses 300 Million Transactions [3] Telegram Wallet Announcement: Litecoin Integration [4] MEI Pharma Press Release: $100 Million Litecoin Treasury Allocation [5] Commodity Futures Trading Commission Classifies Litecoin as a Commodity
- The technological efficiency of Litecoin, demonstrated by its fast transaction times and low fees, has attracted it to become a preferred choice not only for users but also for the finance sector, particularly in the realm of digital asset payments.
- With growing institutional interest, increased merchant adoption, accessible integrations, and regulatory clarity, Litecoin leverages technology to establish itself as a commodity, further solidifying its position as the second most used cryptocurrency for payments on CoinGate.
