According to CryptoSlate, citing a Glassnode report released on November 10, USDT on Tron, BNB Chain, and Ethereum collectively accounted for 86% of NOWPayments' stablecoin deposit volume during the statistical period from September 2025 to September 2026. The report noted that on-chain USDT and USDC transfer values constitute a different statistical metric from the platform's merchant deposit values, meaning merchant collection shares cannot be inferred from on-chain market shares; nor does this single-platform sample represent the global merchant market.