Stablecoins are revolutionizing the crypto payments space, with NOWPayments’ latest report revealing that 45% of all merchant crypto transactions are now processed in stablecoins, marking a significant shift toward price-stable digital assets. Cointelegraph has featured our findings, emphasizing the growing preference among businesses and customers for the stability of USDT, USDC, and other stablecoins.
Why Stablecoins?
No Volatility, No Surprises. Stablecoins bridge the gap between crypto’s speed and fiat’s stability, offering merchants and customers the benefits of crypto without the wild price fluctuations. With assets like USDT and USDC, both buyers and sellers can rely on the stability that traditional fiat currencies offer, without sacrificing the efficiency and transparency of blockchain technology.
Merchant Adoption. Merchants are increasingly adopting stablecoins because they avoid the treasury headaches associated with volatile assets. By receiving payments in stable-value digital currencies, businesses can settle transactions without worrying about dramatic market swings.
User Demand. For customers, the appeal of stablecoins is clear: no 10% swings overnight. In today’s fast-paced market, consumers are gravitating towards payments that won’t lose value during the transaction process. Stablecoins offer peace of mind that their funds won’t fluctuate drastically while making purchases.
How to Tap into the Stablecoin Surge
If you’re a business looking to stay ahead of the curve, integrating stablecoin payments is essential:
Integrate Stablecoin Payments. NOWPayments offers one-click tools to help you integrate stablecoin payments effortlessly. Accept payments in USDT, USDC, and other stablecoins with minimal setup.
Promote Stablecoin Options to Your Customers. Offering stablecoins as a payment option can save your business on transaction fees compared to traditional payment processors. Promote these options to your customers and attract those who are looking for reliable, cost-effective payment solutions.
Future-Proof Your Revenue. By embracing multi-currency settlements, you can diversify your payment options and cater to a broader customer base. Accept both stablecoins and other cryptocurrencies to ensure your business remains adaptable to changing trends.
While stablecoins dominate a large portion of crypto payments, there are still many other crypto assets that are top choices for transactions.
- XRP is fast and efficient for international payments, offering low fees and instant transactions.
- Bitcoin (BTC) is reliable and time-tested, with high liquidity and broad recognition among users.
- Ethereum (ETH), with its strong support for smart contracts and active ecosystem, is ideal for complex applications and decentralized finance.
You can accept payments in all these cryptocurrencies and many more for goods and services through NOWPayments. Simply use our service to accept crypto and broaden the payment options for your customers.