Monthly report
Stablecoin Spending Report — August 2026
A record of what moved in August 2026, computed from dated merchant records rather than written up after the fact.
Published Covering – StablecoinSpend Editorial Methodology
- Merchants added
- 25
- Acceptance changes
- 1
- Checks completed
- 8
- Stopped accepting
- 0
These four count events dated inside August 2026. The first is a measure of our research, not of the market — every merchant added was already accepting stablecoins before we found it. Only the second and fourth describe something that changed at a merchant.
What changed at merchants
Every entry below is a dated, sourced change to what a merchant accepts. The schema will not accept one without a source URL, so this list cannot contain a change we could not evidence.
Merchants added in August 2026
25 merchants researched and published. Read this as coverage growing, not adoption growing.
Recorded events by type
| Event | Events | Share |
|---|---|---|
| Payment provider changed | 1 | 100% |
Key statistics
Quotable as they stand. Each carries its denominator and its date, because a share without both is the figure that ends up misattributed.
-
85.3% of merchants with documented stablecoin acceptance in the StablecoinSpend dataset accept USDC (87 of 102, as of 2026-09-22).
Sample: 102 Methodology -
58.8% of merchants with documented stablecoin acceptance in the StablecoinSpend dataset accept USDT (60 of 102, as of 2026-09-22).
Sample: 102 Methodology -
44.1% of merchants with documented stablecoin acceptance in the StablecoinSpend dataset do not publish which blockchain network they settle on (45 of 102, as of 2026-09-22).
Sample: 102 Methodology -
3.8% of live merchant records in the StablecoinSpend dataset confirm crypto acceptance without naming a single stablecoin (4 of 106, as of 2026-09-22).
Sample: 106 Methodology -
69.6% of merchants with documented stablecoin acceptance in the StablecoinSpend dataset accept through a third-party payment gateway rather than a wallet they control (71 of 102, as of 2026-09-22).
Sample: 102 Methodology
The data behind this report
Computed from the directory as at 2026-09-22. Period events above are historical; this section describes the dataset as it stands now, and says so rather than implying it is a month-end position we did not capture.
USDC and USDT acceptance compared
USDC leads by 27 merchants: USDC is accepted at 87 of 102 merchants (85.3%), USDT at 60 (58.8%).
| Stablecoin | Merchants | Share |
|---|---|---|
| USDC | 87 | 85.3% |
| USDT | 60 | 58.8% |
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Stablecoin acceptance across the directory
USDC leads with 87 of 102 merchants (85.3%), followed by USDT with 60 (58.8%).
| Stablecoin | Merchants | Share |
|---|---|---|
| USDC | 87 | 85.3% |
| USDT | 60 | 58.8% |
| DAI | 30 | 29.4% |
| USDP | 24 | 23.5% |
| GUSD | 22 | 21.6% |
| EURC | 20 | 19.6% |
| PYUSD | 13 | 12.7% |
| AEC | 4 | 3.9% |
| TUSD | 3 | 2.9% |
| FDUSD | 1 | 1% |
| RLUSD | 1 | 1% |
| USDG | 1 | 1% |
| USDS | 1 | 1% |
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Documented settlement networks
45 of 102 merchants with documented stablecoin acceptance (44.1%) publish no settlement network at all — a substantial minority of the dataset. Only Ethereum (48) is disclosed by more merchants and ahead of every other network (Solana is next at 36). Among those that do disclose, ethereum leads with 48 of 102 merchants (47.1%), followed by Solana with 36 (35.3%).
| Network | Merchants | Share |
|---|---|---|
| Ethereum | 48 | 47.1% |
| Solana | 36 | 35.3% |
| Base | 35 | 34.3% |
| Polygon | 35 | 34.3% |
| Arbitrum | 27 | 26.5% |
| Optimism | 21 | 20.6% |
| Tron | 13 | 12.7% |
| BNB Chain | 12 | 11.8% |
| Avalanche | 9 | 8.8% |
| Algorand | 2 | 2% |
| Celo | 1 | 1% |
| Stellar | 1 | 1% |
| XRP Ledger | 1 | 1% |
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Where stablecoins are actually accepted
Shopping & Retail leads with 40 of 102 merchants (39.2%), followed by Travel with 18 (17.6%).
| Category | Merchants | Share |
|---|---|---|
| Shopping & Retail | 40 | 39.2% |
| Travel | 18 | 17.6% |
| Cloud Hosting | 17 | 16.7% |
| Security & Privacy | 17 | 16.7% |
| Web Hosting | 17 | 16.7% |
| Developer Tools | 12 | 11.8% |
| Domain Names | 11 | 10.8% |
| Ecommerce | 11 | 10.8% |
| VPN Services | 11 | 10.8% |
| Gift Cards | 10 | 9.8% |
| Hotels | 10 | 9.8% |
| Flights | 8 | 7.8% |
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Methodology and limitations
Every merchant record is built from primary sources in a fixed order of preference: the merchant's own website, then its payment or help documentation, then its payment provider's documentation, then the stablecoin or network issuer. Independent reporting supplements those but never replaces them, and cannot on its own support a verified status — the content schema rejects it.
Four limitations bear on how these figures should be read.
- This is a census of what we have found, not of everything that exists. Coverage is strongest where merchants document payment options in English and weakest where acceptance is arranged privately or through a regional gateway we have not profiled. Every share describes this dataset.
- Additions measure research, not adoption. A merchant appearing here for the first time was almost always accepting stablecoins long before we recorded it. That is why additions and acceptance changes are counted in separate columns above and never summed into one headline.
- Undisclosed is not absent. A merchant with no published settlement network is counted as undisclosed and appears in no network row. We do not distribute it across likely chains, which means network shares understate real usage by an amount nobody can quantify.
- Verification decays. A check older than six months degrades automatically regardless of whether anything changed. Some records marked as unrefreshed are simply awaiting a recheck.
Corrections are welcome and are published rather than quietly applied — see the corrections policy. Full detail is in the research methodology and the verification methodology.
How to cite this report
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