USDT Still Leads Stablecoin Volume as USDC Gains Momentum, NOWPayments Data Shows

[PRESS RELEASE – Amsterdam, Netherlands, August 14th, 2026]

USDT remains the dominant stablecoin by business transaction volume on NOWPayments, but new platform data shows USDC gaining momentum fast. In H1 2026, USDC transaction count increased by 209.02% year-over-year, and transaction volume rose by 101.63%, while USDT transaction activity declined over the same period.

The result is an increasingly differentiated stablecoin landscape: USDT continues to offer the scale and liquidity businesses rely on globally, while USDC is emerging as a growing alternative, particularly for companies navigating regulated European infrastructure.

Stablecoins are no longer used only to accept crypto payments. Businesses are increasingly relying on USDT and USDC to move money throughout their daily operations, from affiliate commissions and supplier settlements to marketplace payouts, payroll, treasury transfers, and customer withdrawals. As more companies build these workflows around digital assets, stablecoins are becoming an important part of business infrastructure rather than simply another payment option.

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