CryptoSlate
USDT on Tron, BNB Chain and Ethereum accounted for 86% of stablecoin pay-in value at NOWPayments from September 2025 to September 2026, according to Glassnode. The leading on-chain routes, USDC on Base, USDC on Ethereum and USDT on Tron, accounted for 54% of the processor's pay-in value.
USDT on Tron and BNB Chain made up about 75% of NOWPayments' stablecoin pay-in value, despite carrying 14% of on-chain USDT and USDC transfer value in the comparison. Pay-in value does not reveal the number of purchases, and the merchant sample includes trading and iGaming as well as e-commerce and software businesses.
Merchant currency settings and a conditional Tron fee offer may influence routing, but their effects were not measured. The comparison covers one processor and does not establish global merchant market share.
Frequently asked questions
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Which routes dominated NOWPayments' stablecoin pay-in value?
USDT on Tron, BNB Chain and Ethereum accounted for 86% of stablecoin pay-in value from September 2025 to September 2026.
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How did USDT on Tron and BNB Chain compare across the two measures?
Those routes represented about 75% of NOWPayments' stablecoin pay-in value and 14% of on-chain USDT and USDC transfer value in the comparison.
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Does pay-in value show how many retail purchases occurred?
No. Pay-in value measures money received, not the number of purchases. The processor's merchant sample includes trading and iGaming as well as e-commerce and software businesses.
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Did merchant settings or Tron fee offers cause the observed payment mix?
Merchant currency settings and a conditional Tron fee offer are possible influences on routing, but their contributions were not measured.
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Does the NOWPayments comparison establish global merchant market share?
No. The comparison covers one payment processor and does not establish global merchant market share.
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