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Key Takeaways
- Tron and BNB Chain USDT took 75% of pay-ins.
- Those two rails moved 14% of on-chain value.
- Merchant pay-ins peak between 19:00 and 21:00 UTC.
- Three network fees sit between buyer and payout.
The numbers come from the November 10 public summary of Stablecoins in Commerce, the first report in Glassnode’s Money in Motion series with NOWPayments. The route comparison covers the 12 months from September 2025 to September 2026 and describes payments processed by NOWPayments, not the whole checkout market.
Where Shoppers Actually Paid
USDT on Tron and BNB Chain delivered about three-quarters of NOWPayments’ stablecoin pay-in value over those 12 months.
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