NOWPayments Reports Surge in Stablecoin Usage, Revealing Top Trends

NOWPayments, a leading payment gateway for cryptocurrency payments, reveals insights from a recent study on stablecoin usage on its platform. Stablecoins on TRON and Ethereum lead the pack, while USDTSOL stands out on the Solana blockchain with an impressive 85.9% share in stablecoin payment transactions, followed by USDTARB (10.28%) and USDTOP (3.82%). This analysis demonstrates NOWPayments' commitment to innovation and adapting to user preferences and market trends, providing clients with the most efficient and secure crypto payment methods.

NOWPayments Reveals Surge in Stablecoin Usage, Uncovering Key Trends

Mahe, Seychelles, April 05, 2024 (GLOBE NEWSWIRE) -- NOWPayments, a pioneering cryptocurrency payment gateway, proudly unveils compelling insights into the burgeoning use of stablecoins on its platform. A comprehensive analysis conducted by the NOWPayments team of experts sheds light on the dynamic landscape of stablecoin payments.

Unveiling the Dynamics: Stablecoins on TRON and Ethereum Lead the Charge

The NOWPayments analysis unveiled a clear trend: stablecoins operating on TRON and Ethereum networks dominate the landscape. However, beyond these established leaders, the study identified a hierarchy of stablecoins on other networks that are gaining traction.

USDTSOL Emerges as a Powerhouse

Among stablecoins excluding those on TRON and Ethereum, USDTSOL emerged as an undisputed leader, accounting for an astounding 85.9% share of stablecoin payments on NOWPayments. This overwhelming preference underscores the growing trust and reliance on USDTSOL as a dependable payment mechanism, reflecting its unwavering stability and operational efficiency.

USDTARB: A Rising Star

USDTARB, the second-placed stablecoin, captured a significant 10.28% of the stablecoin payment volume. Its impressive showing reflects the burgeoning interest and utilization of this stablecoin among NOWPayments clients. USDTARB's distinctive architecture and stringent transaction security measures have propelled it to prominence as a trusted choice for users.

USDTOP Demonstrates Steady Growth

USDTOP, the third-ranked stablecoin, secured a 3.82% share of stablecoin payments. While its market share may be smaller, USDTOP has exhibited consistent growth, signaling its potential as a reliable and secure cryptocurrency payment option on the NOWPayments platform.

NOWPayments: Empowering Clients with Cutting-Edge Crypto Solutions

NOWPayments' dedication to providing its clientele with cutting-edge crypto payment solutions is unwavering. The results of this in-depth analysis serve as a testament to the company's relentless pursuit of innovation and its responsiveness to evolving user preferences and market dynamics. NOWPayments remains committed to monitoring the market closely and embracing emerging technologies to offer clients the most effective and secure crypto payment methods.

About NOWPayments.io

NOWPayments is a leading payment gateway for instant cryptocurrency payments, embracing a vast array of cryptocurrencies to ensure convenience and security in online transactions. Guided by its unwavering commitment to innovation and ease of use, NOWPayments delivers solutions that adhere to the highest standards of security and efficiency.

For further information on NOWPayments and its services, visit the official website or contact them directly via email at sergey.i@nowpayments.io.

Contact:
Sergey Ipolitov
sergey.i at nowpayments.io