Adjusted stablecoin trading volume in June reached a record high of $1.79 trillion, up 63% from $1.1 trillion in May, according to payments giant Visa.
June’s record stablecoin trading volume surpassed February’s $1.78 trillion, representing a 125% year-over-year increase. According to Visit Visa’s stablecoin analytics dashboard powered by Allium.
“June 2026 was once again a record month for stablecoin trading volumes, ahead of February 2026.” said Zach Pandle, head of research at Grayscale, said on Sunday.
of Rapid increase Stablecoin trading volumes suggest that as crypto infrastructure matures, its use in real-world payments, decentralized finance, and cross-border remittances is increasing. Achieved despite broader cryptocurrencies bear marketThis suggests that stablecoins are the driving force behind the industry.
$USDC occupies most of the volume
Despite Tether’s USDt being the largest stablecoin by market capitalization, the majority of trading volume (approximately 67%) was in Circle’s USDt. $USDCwhich is $1.21 trillion per month. $USDT Visa said it accounted for about 32%, or $576 billion.
PayPal’s PYUSD was the third largest in trading volume, with $2.42 billion in June.
Adjusted stablecoin trading volume in June was just under $1.8 trillion. sauce: visa
The most widely used network for stablecoin transactions in June was Coinbase’s Ethereum Layer 2 Network Base with $565 billion, or 31.5% of the total, followed closely by Ethereum with $562 billion. Tron was the third highest at $320 billion, or about 18% of the total.
Related: Revolut to be delisted $USDT in August, citing regulatory and risk concerns.
Visa, in collaboration with Artemis, Allium Labs, and Castle Island Ventures, developed a tailored trading methodology that helps filter out “distracting indicators” such as high-frequency trading bots, exchange financial rebalancing, and repetitive smart contract trading to better approximate organic stablecoin activity, the company said.
Base and Ethereum dominated stablecoin trading volume in June. Source: Visa
Meanwhile, another player has entered the crowded stablecoin market as an open standard Announcing USD Open (OUSD) was held on Tuesday with the support of more than 140 payments, banking, technology and cryptocurrency companies, including Visa and Mastercard.
Trends will continue even as stablecoins mature
Nick Luck, director of LVRG Research, told Cointelegraph that the record trading volume shows the resilience of these assets amid a broader crypto bear market.
“This surge highlights the growing role of stablecoins as essential infrastructure for transferring value, providing liquidity, and decentralized financial activities that persist independently of speculative price movements,” he said.
Luck predicted this trend would continue. stable coin It has “matured into the foundational layer of the Web3 economy” and is positioned to have even greater influence as the market evolves.
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