Snapshot from Aug 24, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / USDC gains momentum over USDT
Business market report

USDC gains momentum over USDT

Analysis based on 7 articles · First reported Aug 14, 2026 · Last updated Aug 14, 2026

Sentiment
10
Attention
2
Articles
7
Market Impact
General
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Market Impact

The report indicates a shift in stablecoin adoption trends, with USDC growing rapidly while USDT's transaction activity declines, potentially affecting market share and investor sentiment. This could influence stablecoin market dynamics and the strategies of businesses and payment platforms, though the overall impact is moderate given the niche nature of the data.

Cryptocurrency Financial Technology Payment Processing
Event Summary

NOWPayments, a crypto payment platform, released a report on August 14, 2026, analyzing USDT and USDC transaction activity on its platform between 2025 and 2026. The report shows that while USDT remains the dominant stablecoin by transaction volume, accounting for 66.92% of stablecoin volume in H1 2026, its transaction count declined 1.55% and volume fell 14.99% year-over-year. In contrast, USDC experienced significant growth, with transaction count up 209.02% and volume up 101.63% year-over-year. USDC's share of stablecoin transaction count rose from 2.88% to 4.94%, and volume share from 5.52% to 8.95%. The report highlights that USDC is gaining momentum, particularly in Europe's MiCA-regulated environment, while USDT retains global scale and liquidity. NOWPayments' CBDO, Kate Lifshits, noted that businesses may support both stablecoins for flexibility. The report also discusses the blockchain networks supporting each stablecoin, including Tron, Ethereum, BNB Smart Chain, Polygon, Base, and Arbitrum.

Key Actions
90 USDC (cryptocurrency) grew transaction count
70 Tether (cryptocurrency) declined transaction count
60 NOWPayments published stablecoin report
Entities Involved
crypto
Tether (cryptocurrency)
USDT remains the dominant stablecoin by volume but saw declines in transaction count and volume, indicating a slight negative trend in business usage.
Importance 90.0 Sentiment -10.0
crypto
USDC (cryptocurrency)
USDC showed strong growth in transaction count and volume, gaining market share and momentum, particularly in regulated European markets.
Importance 90.0 Sentiment 70.0
priv
NOWPayments
NOWPayments published the report, positioning itself as a data source and benefiting from increased visibility in the stablecoin market.
Importance 80.0 Sentiment 50.0
alliance
European Union
The EU's MiCA regulation is highlighted as a factor favoring USDC's adoption in Europe, influencing the stablecoin landscape.
Importance 50.0 Sentiment 30.0
crypto
Tron
Tron is a network supporting USDT transactions, mentioned as part of the infrastructure landscape.
Importance 40.0 Sentiment 10.0
crypto
Ethereum
Ethereum supports both USDT and USDC transactions, playing a role in the stablecoin ecosystem.
Importance 40.0 Sentiment 10.0
per
Kate Lifshits
As CBDO of NOWPayments, Kate Lifshits provided commentary on the findings, representing the company's perspective.
Importance 30.0 Sentiment 20.0
crypto
BNB
BNB Smart Chain is listed as a network for USDT transactions, contributing to the multi-chain strategy.
Importance 20.0 Sentiment 5.0
crypto
Arbitrum
Arbitrum supports USDC transactions, adding to the network choices.
Importance 20.0 Sentiment 5.0
Relationships
Tether (cryptocurrency) competitor ↔ USDC (cryptocurrency) Tether is the largest stablecoin by market capitalization, directly competing with USDC for market share, liquidity, and
Tether (cryptocurrency) related ↔ European Union
Tether (cryptocurrency) related ↔ Ethereum
Tether (cryptocurrency) related ↔ BNB
Tether (cryptocurrency) related ↔ Arbitrum
USDC (cryptocurrency) related ↔ Ethereum
European Union related ↔ Ethereum
Ethereum related ↔ BNB
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