Stablecoin volume reaches record US$1.79T
- Adjusted stablecoin transaction volume reached a record US$1.79 trillion in June, according to Visa's analytics dashboard.
- USD Coin accounted for 67% of monthly volume, while Base and Ethereum processed the largest share of transactions.
- Researchers said growing use in payments, decentralised finance and cross-border transfers is supporting stablecoin adoption despite weaker crypto markets.
Adjusted stablecoin transaction volume reached a record US$1.79 trillion in June, up 63% from US$1.10 trillion in May and 125% higher than a year earlier, according to Visa's Allium-powered analytics dashboard.
The June total exceeded the previous record of US$1.78 trillion set in February, indicating continued growth in stablecoin activity despite broader weakness across cryptocurrency markets.
“June 2026 was another record month for stablecoin transaction volume, just ahead of February 2026,” said Grayscale Head of Research Zach Pandl.
Visa said its adjusted methodology, developed with Artemis, Allium Labs and Castle Island Ventures, excludes activity such as high-frequency trading bots, exchange treasury rebalancing and repetitive smart contract transactions to better reflect organic stablecoin usage.
USD Coin (CRYPTO:USDC) generated US$1.21 trillion, or about 67% of June's transaction volume, while Tether (CRYPTO:USDT) processed US$576 billion, with Base recording US$565 billion in network volume ahead of Ethereum (CRYPTO:ETH) at US$562 billion and Tron (CRYPTO:TRX) at US$320 billion.
The report also follows the launch of Open USD, a new stablecoin backed by more than 140 payments, banking, technology and cryptocurrency companies, including Visa and Mastercard.
Nick Ruck, director of LVRG Research, said the record transaction volumes suggest stablecoins are becoming core infrastructure for payments, liquidity and decentralised finance, adding that he expects their role to continue expanding as the market develops.
At the time of reporting, Ethereum price was $1,772.13.
