Paybis May Recap: Growth Highlights & Key Highlights

May was a big month for Paybis! While the rest of the industry was easing into summer, we were picking up speed, with a 61% jump in TRX turnover, solid profit growth in the U.S., and more engagement from our users than ever. On top of that, our blog stayed busy too, sharing key milestones and making crypto and Web3 easier to understand. Let’s take a quick look at everything that made May one to remember.

Paybis Company Updates

While many businesses ease into the summer season, Paybis continues to grow. In May, we sa a 61% increase in TRX (TRON) turnover, reflecting rising user demand for fast and low-fee blockchain transactions.

In the U.S. market, Paybis achieved a 19% increase in profit compared to April, reflecting successful market penetration and the effectiveness of region-specific strategies that we continue to expand.

Additionally, the average volume per user rose by 17%, indicating higher user engagement and trust in the platform’s services.

Finally, we also added a whole batch of new fiat currencies to the Paybis Exchange, available via debit/credit card:

• Argentine Peso (ARS)
• Bulgarian Lev (BGN)
• Bahraini Dinar (BHD)
• Indonesian Rupiah (IDR)
• New Zealand Dollar (NZD)
• Qatari Riyal (QAR)
• New Taiwan Dollar (TWD)
• Uruguayan Peso (UYU)
• Vietnamese Dong (VND)

Crypto Industry April Highlights

Trump Media’s $2.5B Bitcoin Investment Plan

Trump Media & Technology Group (TMTG), owner of Truth Social, is launching a $2.5 billion investment initiative into Bitcoin and digital assets via its new division, Truth.Fi. With over $700 million in cash reserves, the company plans to allocate funds into cryptocurrencies, ETFs, and separately managed accounts, with custody by Charles Schwab and advisory support from Yorkville Advisors.

TMTG also filed to launch a Bitcoin ETF under the Truth.Fi brand, in partnership with Crypto.com, aligns with Donald Trump’s pro-Bitcoin agenda and the recent establishment of a Strategic Bitcoin Reserve in the U.S.

Circle’s $6.7B IPO Target

Circle, the issuer of the USDC stablecoin, is going public on the NYSE under the ticker CRCL with an IPO priced at $31 per share, giving it a valuation of $6.8 billion, possibly rising to $8 billion with underwriter options.

The oversubscribed offering raised about $1.1 billion, which Circle will use to grow its payments business and stabilize its position in the competitive stablecoin market, where USDC currently holds a 28% share. The company’s revenue has been buoyed by interest on reserve assets, and its IPO comes amid momentum from proposed U.S. stablecoin legislation.

Coinbase Cyberattack and $400M Loss

Coinbase has disclosed a major data breach tied to two employees of its contractor TaskUs in India, who improperly accessed sensitive user information like names and partial social security numbers, though private keys and passwords were not compromised.

The breach could cost Coinbase between $180 million and $400 million due to reimbursement and security upgrades. TaskUs terminated the employees involved and shut down the related operations, while Coinbase has strengthened its security protocols and is cooperating with law enforcement on the ongoing investigation.

Conference Updates

In May, the Paybis team went to one of the most important events this year, TOKEN2049 in Dubai. It’s a major global cryptocurrency conference that gathers founders, investors, developers, and key industry figures to discuss emerging trends in Web3, blockchain, and digital assets.

At TOKEN2049, Paybis Co-founder and CBDO Konstantin Vasilenko engaged with top media outlets like Web3TV, Metaverse Post, and CoinGabbar to discuss Paybis’ mission of bridging traditional finance and crypto. He highlighted the company’s advanced, compliant on/off ramp solutions tailored for CEX, DEX, DeFi, and RWA platforms.

Conversations also touched on AI, stablecoins, the need for real-world crypto use cases, and the evolving integration of Web2 and Web3. Vasilenko emphasized the momentum in the space, noting the strong interest Paybis received from both crypto and TradFi players, further underscoring Dubai’s emergence as a major global crypto hub.

Latest Content Updates

The Paybis blog is your go-to source for the latest crypto updates and practical insights into Web3 and blockchain. In May, we looked back at major milestones and simplified essential crypto concepts for our readers.

• Paybis at TOKEN2049 Dubai: Building Bridges and Shaping the Future
• April at Paybis: Insights, Improvements & Industry Trends
• Top 14 Developments in the Crypto Business World You Need to Know
• STABLE Act Explained: What Stablecoin Holders Must Know in 2025

Stay Informed, Get Rewarded

April has come to an end! This month was packed with key updates, from new platform features to fresh content and major events in the crypto and blockchain space.

Thank you for being part of our journey. We wouldn’t be here without you! Here’s a little something to show our appreciation – use the code PAYBISNEWS05 to get 5% OFF on any crypto exchange. The deal will expire on 01.07.2025 23:59 UTC, so make sure to grab it!

Written by

Alanta Kaminskaite

Alanta is a tech content writer with over four years of experience and a deep passion for everything technology-related. She's worked in global IT companies and specializes in internet security, blockchain technologies, and AI advancements.