NOWPayments Reveals The Dynamics in Stablecoin Use in Its Crypto Payment Gateway

NOWPayments,
a
leading
gateway
for
cryptocurrency
payments,
is
proud
to
announce
recent
trends
in
stablecoin
usage
on
its
platform.
A
recent
study
conducted
by
the
NOWPayments
team
of
analysts
has
revealed
the
dynamics
of
stablecoin
payments. The
investigation
conducted
by
the
analytical
team
has
shown
that
stablecoins
on
TRON
and
Ethereum
are
the
usual
front-runners;
however,
it
is
interesting
to
note
which
stablecoins
on
other
networks
follow
them.

What
are
stablecoins? 

Stablecoins
are
cryptocurrencies
tied
to
stable
assets
like
fiat
currencies,
ensuring
price
stability
in
the
volatile
crypto
market.

The
Dynamics

According
to
NOWPayments
analysis, USDTSOL leads
in
stablecoin
payment transactions on
NOWPayments,
capturing
an
impressive
85.9%
share, excluding stablecoins
on
TRON
and
Ethereum
which
are
unquestionable
leaders.
This
surge
underscores
the
growing
trust
and
preference
for USDTSOL as
a
reliable
payment
method
on
our
platform,
reflecting
its
stability
and
efficiency.

USDTARB
took
second
place
with
a
share
of
10.28%
of
the
stablecoin
payment
volume,
demonstrating
growing
interest
and
use
of
this
stablecoin
among
our
clients.
USDTARB
stands
out
for
its
unique
architecture
and
transaction
security,
making
it
an
attractive
choice
for
users.

USDTOP,
rounding
out
the
three,
showed
a
share
of
3.82%.
Despite
a
relatively
smaller
percentage
of
payments
made
on
our
platform,
USDTOP
demonstrates
steady
growth
and
potential
as
a
reliable
means
of
crypto
payment
on
our
platform.

NOWPayments
strives
to
provide
its
clients
with
the
most
modern
and
convenient
crypto
payment
solutions.
The
results
of
their
research
not
only
highlight
their
commitment
to
innovation
but
also
their
ability
to
adapt
to
changing
user
preferences
and
market
trends.
They
will
continue
to
analyze
the
market
and
implement
new
technologies
so
that
their
clients
can
use
the
most
efficient
and
secure
crypto
payment
methods.

About
NOWPayments.io

NOWPayments is
a
leading
payment
gateway
for
instant
cryptocurrency
payments,
offering
support
for
a
wide
range
of
cryptocurrencies
for
the
convenience
and
security
of
both
online
transactions.
Aiming
for
innovation
and
convenience,
NOWPayments
provides
solutions
that
meet
the
highest
standards
of
security
and
efficiency.

For
additional
information
about NOWPayments and
their
services,
please
visit
the
official website or
contact
them
directly
via
email [email protected].