Bitpay Launches HODL Pay to Enable Crypto-Backed Stablecoin Spending

By: cryptonews|2025/05/15 05:15:05
0
Share
copy
Atlanta-based firm Bitpay has introduced HODL Pay, enabling users to borrow stablecoins against cryptocurrency holdings for payments without liquidating assets. The service integrates decentralized finance (DeFi) protocols with Bitpay’s merchant network. Crypto Users Can Now Borrow Stablecoins via Bitpay’s HODL Pay In a message shared with Bitcoin.com News, Bitpay explained that in order to use HODL Pay, customers must collateralize crypto on Aave, a DeFi lending platform. Existing Aave users can immediately spend borrowed stablecoins; new users must first deposit eligible assets. Borrowed funds settle Bitpay invoices for retail purchases, travel, bill payments, or gift cards. Users generate a Bitpay invoice at checkout, connect a crypto wallet via Walletconnect, and borrow stablecoins against their collateral. Loans are managed through Aave’s dashboard, with repayment terms controlled by the borrower. Merchants accepting Bitpay payments automatically support HODL Pay without additional setup. The service is aimed at attracting long-term crypto holders by allowing spending without asset sales. Transactions settle next-day in fiat, crypto, or a mix. HODL Pay is compatible with Ethereum, Arbitrum, Base, Polygon, and Optimism networks. Bitpay stated the expansion aligns with efforts to enhance layer two (L2) payment options for Web3 users. “With HODL Pay, Bitpay gives users an innovative way to spend confidently today without giving up their future growth. We are proud to bring the benefits of DeFi into everyday payments,” Bill Zielke, the chief marketing officer at Bitpay remarked. Nick Dossa of Vegas Auto Gallery said the service provides flexibility for crypto customers purchasing high-value items like luxury vehicles. HODL Pay is live globally for all Bitpay merchants.

You may also like

60 Essential Skills, Workflows, and Open Source Projects, the Ultimate Claude Advancement Checklist

Developers, content creators, product builders, and beginners can all use this

SpaceX to Raise $75 Billion | Rewire News Nightly

What additional valuation can the AI unicorn behind in line achieve, which is a bigger question than SpaceX itself

PUMP Valuation Breakdown: On-chain Data Disproves the "Fake Volume" Theory, Where Does the Real Discount Come From?

The project initially started as a niche experiment but quickly became one of the highest-grossing applications on public blockchains.

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

Popular coins

Latest Crypto News

Read more