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.