Stablecoin transaction volume hits record $1.79 trillion in June
Visa's onchain analytics show that stablecoin transaction volume reached a record $1.79 trillion in June, increasing 63% from May and up 125% year over year. The adjusted transfer volume surpassed the previous high set in February, underscoring accelerating activity in the digital asset payments sector.
Despite Tether's USDT remaining the largest stablecoin by market capitalization, USD Coin (USDC) processed approximately 67% of the total transfer volume over the month. Transaction activity was primarily routed across the Base, Ethereum, and Tron blockchains, as stablecoins continue to expand their role in real world settlement and cross border payments.
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@cointelegraph🔥 BIG: Stablecoin transaction volume hits a record $1.79T in June, up 63% from May, per Visa.
@unlockbcAnother milestone for stablecoins ⤵️ Visa's latest dashboard shows adjusted stablecoin transaction volume climbed to a record $1.79 trillion in June, surpassing the previous high set in February and marking 125% year-over-year growth. #US
@thedailyblock🚨 BREAKING: STABLECOIN TRANSFER VOLUME HITS RECORD $1.79 TRILLION Stablecoin transaction volume reached a new all-time high of $1.79 trillion in June, according to Visa's onchain analytics. The figure is up 125% year-over-year and 63% fro