MILESTONE | Stablecoin Transaction Volume in June 2026 Hits a New Record – USDC Accounts for 2/3

Stablecoin transaction volume rose to a record $1.79 trillion in June 2026 underscoring the growing role of dollar-pegged stablecoins in global payments, decentralized finance and cross-border transfers despite a broader downturn in digital asset markets.

The figure, based on adjusted transaction data from VISA’s Allium-powered stablecoin analytics dashboard, was up 63% from May’s $1.1 trillion and surpassed the previous monthly record of $1.78 trillion set in February 2026.

Compared with the same period a year earlier, adjusted transaction volume increased 125%.

VISA’s methodology filters out non-economic blockchain activity, including exchange treasury transfers, high-frequency trading bots, and repetitive smart contract interactions, to provide a clearer measure of genuine stablecoin usage in payments and settlements.

The data showed that

• USDC accounted for roughly two-thirds of June’s transaction volume, processing about $1.21 trillion.
• Tether followed with approximately $576 billion, while
• PayPal USD processed $2.42 billion.

On the network side,

• Base handled the largest share of stablecoin transfers at around $565 billion, narrowly ahead of
• Ethereum with $562 billion.
• TRON ranked third with about $320 billion.

The milestone comes as stablecoins increasingly emerge as core financial infrastructure rather than solely crypto trading tools. Analysts say continued growth in cross-border payments, treasury management, and decentralized finance is driving demand, even as digital asset prices remain under pressure.

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