Categories: Press Release

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

Mahe, Seychelles, 5th April 2024, ZEX PR WIRE, 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 sergey.i@nowpayments.io.
 

Disclaimer: This press release is provided for informational purposes only and does not constitute financial advice, investment recommendation, or an offer or solicitation to buy or sell any securities. Readers should conduct their own research and consult with a professional financial advisor before making any investment decisions.

Zex PR Wire

Recent Posts

RXR.Lab Launches World’s First Blockchain Crowdfunding-Lottery Platform to Break the System: Lottery, Crowdfunding, and Real Equity in One

RXR.Lab Highlights: The world’s first crowdfunding and lottery platform RXR.Lab will be grand launched on…

13 hours ago

Ripple Price Analysis: Could XRP Maintain $2 As Its Key Support Level?

XRP continues to drift lower, with its price struggling to stay afloat above $2.15. After…

22 hours ago

Sony Electronics Singapore Now Accepts USDC Payments via Crypto.com

Sony Electronics Singapore is now accepting payments in USD Coin (USDC) on its online store,…

1 day ago

<div>Delta Exchange: Pioneering INR-Settled Crypto F&O Trading in India</div>

In the last three months of the year, trading volumes for cryptocurrencies like Bitcoin and…

3 days ago

Pi Network’s Token Sheds 75% in Three Months as Skepticism Grows

The Pi Network (PI) has plummeted over 75% in the past three months, collapsing from…

3 days ago

Chummy Tees Review Rising Trends in the Funny T-Shirt Industry

Sonora, California, 30th March 2025, ZEX PR WIRE, As humor continues to shape popular culture,…

4 days ago