Altcoins News

Story: Litecoin Becomes Second Most Used Crypto for Payments on CoinGate

By Evie Vavasseur

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What Is CoinGate?. CoinGate is a Lithuanian-based crypto payments processor that enables merchants to accept a…

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July Rankings Show Litecoin on the Rise. In a recent post on X (formerly Twitter), CoinGate shared updated statistics for July showing how…

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Why Litecoin Is Gaining Traction. Despite not being among the top 10 cryptocurrencies by market cap, Litecoin has consistently been…

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Litecoin Was Also a Top Performer in H1 2025. This isn't the first time Litecoin has stood out in CoinGate’s data.

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More Merchants Now Choose to Hold Crypto. Another important insight from CoinGate’s recent reports is the growing comfort merchants have…

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USDC Dominates Merchant Payouts. When it comes to merchant payouts, stablecoins are still the top choice.

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Litecoin Price Update. Following the release of this positive data, Litecoin's price saw a sharp 9% increase, pushing it…

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Final Thoughts. Litecoin's climb to the number two spot on CoinGate’s platform underscores its strong use case in…

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Litecoin (LTC) has achieved a major milestone by becoming the second most used cryptocurrency for payments on the CoinGate platform, right behind Bitcoin (BTC).

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In a recent post on X (formerly Twitter), CoinGate shared updated statistics for July showing how customer preferences have shifted in the world of crypto payments.

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However, the biggest change comes just beneath it — Litecoin now holds a 14.5% share, placing it second overall.

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Following Litecoin, USDC took the third position with a 14% share, narrowly ahead of USDT (Tether) at 12.2%. Tron (TRX) came in close behind with a 12.9% share of total payments.

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Despite not being among the top 10 cryptocurrencies by market cap, Litecoin has consistently been one of the most used coins for real-world payments.

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In simple terms, users and businesses prefer Litecoin because it works well for fast, everyday transactions.

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This isn't the first time Litecoin has stood out in CoinGate’s data. A report from the platform covering the first half of 2025 (H1 2025) showed similar results.

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