Glassnode and NOWPayments track how merchants actually get paid in stablecoins

Glassnode and NOWPayments released a joint report tracking how merchants actually receive stablecoin payments, highlighting a shift toward diverse stablecoin adoption rather than reliance on a single token. The findings point to evolving merchant payment strategies and potential market realignment across stablecoin flows. The report matters because it moves beyond aggregate issuance data to show which stablecoins merchants genuinely use for settlement. What to watch next is whether this diversification persists as merchants adjust their payment rails.