USDC growth challenges USDT dominance on NOWPayments
NOWPayments reported that USDC transaction activity on its platform grew rapidly in H1 2026, with transaction count up 209.02% year over year and transaction volume up 101.63%, while USDT transaction count fell 1.55% and volume fell 14.99%. Despite that decline, USDT still accounted for 66.92% of stablecoin transaction volume, indicating its continued role in higher-value transfers. The data also shows USDC increasing its share of transaction count and volume, and highlights that businesses are using stablecoins for payouts, payroll, supplier settlement, and treasury transfers across multiple networks, with regulatory positioning under MiCA influencing asset choice.
USDC transaction count rose 209.02% year over year.
Context
NOWPayments compared USDT and USDC activity between 2025 and 2026. The data shows USDC growing fast while USDT volume remains larger but declined. Businesses may keep using both assets and choose networks based on cost, speed, and…
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