Amsterdam, Netherlands, August 14th, 2026, ChainwireUSDT remains the dominant stablecoin by business transaction volume on NOWPayments, but new platform data shows USDC gaining momentum fast. In H1 2026, USDC transaction count increased 209.02% year over year and transaction volume rose 101.63%, while USDT transaction activity declined over the same period.The result is an increasingly differentiated stablecoin landscape: USDT continues to offer the scale and liquidity businesses rely on globally, while USDC is emerging as a growing alternative, particularly for companies navigating regulated European infrastructure.Stablecoins are no longer used only to accept crypto payments. Businesses are increasingly relying on USDT and USDC to move money throughout their daily operations, from affiliate commissions and supplier settlements to marketplace payouts, payroll, treasury transfers, and customer withdrawals. As more companies build these workflows around digital assets, stablecoins are becoming an important part of business infrastructure rather than simply another payment option.Drawing on USDT and USDC transaction activity across the NOWPayments platform between 2025 and 2026, this report examines how business stablecoin usage is evolving and the blockchain networks supporting that activity.*Unless otherwise stated, all figures refer to USDT and USDC transaction activity processed through the NOWPayments platform.Stablecoins Are Becoming Business InfrastructureFor many businesses, accepting a crypto payment is only the first step. Once funds are received, they still need to move through the business. Suppliers need to be paid, affiliates receive commissions, marketplace sellers withdraw earnings, employees collect salaries, and finance teams transfer working capital between accounts.Instead of converting every incoming payment into fiat, many businesses now keep part of their operating funds in stablecoins and use them directly for day-to-day settlements.Common operational use cases include: