June saw a record-breaking stablecoin transaction volume of $1.79 trillion, up 63% from May’s figure and 125% year-over-year. USDC dominated with around 67% market share.
In June 2026, the global stablecoin ecosystem achieved a historic milestone, recording transaction volumes totaling $1.79 trillion, marking a significant increase of 63% from May’s figure and an impressive growth of 125% compared to the same period last year.
The majority of this surge was attributed to Circle's USDC, which accounted for approximately 67%, or $1.21 trillion, of June’s total stablecoin transaction volume. Tether (USDT) followed closely with around 32%, amounting to roughly $576 billion. PayPal’s PYUSD also contributed significantly, with transactions totaling just under $2.42 billion.
The data revealed that Coinbase’s Ethereum layer-2 network Base was the most active platform for stablecoin transfers in June, processing approximately $565 billion worth of transactions or 31.5% of the total volume. Ethereum itself came second at around $562 billion (30.8%), while Tron ranked third with about $320 billion.
Visa collaborated with Artemis and Allium Labs to develop a more accurate methodology for tracking stablecoin transactions, filtering out high-frequency trading bots and other non-organic activities. This approach helped in providing a clearer picture of the underlying demand for these assets.
The robust transaction volume indicates growing real-world use cases such as payments, decentralized finance (DeFi), and cross-border transfers, despite the broader crypto market experiencing bearish sentiment. Nick Ruck from LVRG Research noted that this trend is likely to continue, with stablecoins maturing into a foundational layer of the Web3 economy.
Open Standard furthered its entry into the crowded space by launching Open USD (OUSD), supported by over 140 companies including Visa and Mastercard. This move suggests ongoing innovation in the stablecoin sector as it seeks to expand its reach and functionality.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.