June Stablecoin Transaction Volume Hits Record $1.79 Trillion, Led by USDC

Visa Onchain Analytics said adjusted stablecoin transfers reached $1.79 trillion in June, up 63% from $1.10 trillion in May, surpassing the previous monthly record of $1.78 trillion set in February.

The surge was driven primarily by USDC, which accounted for about 67% of total transaction volume at $1.21 trillion. USDT followed with $576 billion, representing roughly 32% of activity during the month.

Network data also showed strong competition among blockchains. Base led all networks, recording $565 billion in stablecoin transaction volume, narrowly edging out Ethereum at $562 billion, while Tron ranked third.

Source: Visa Onchain Analytics