On the NOWPayments platform in H1 2026, USDT still dominates the stablecoin market with 66.92% of transaction volume, despite a 14.99% decline in volume and a 1.55% decline in transaction count year-over-year. USDC shows spectacular growth with a 209.02% increase in transaction count and a 101.63% increase in transaction volume compared to the previous year. USDC’s market share grew from 5.52% to 8.95% of transaction volume, while its transaction count share rose from 2.88% to 4.94%. The data shows USDT remains preferred for high-value transfers, while USDC is gaining ground rapidly. For businesses, the two stablecoins offer distinct advantages: USDT provides global liquidity, while USDC has a clearer regulatory position within Europe’s MiCA-regulated environment.
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