Stablecoin Volume Hits Record $1.79 Trillion in June

Monthly stablecoin transaction volume rose to a record in June, underscoring continued growth in usage even as the broader cryptocurrency market remained weak.

Adjusted stablecoin transaction volume totaled $1.79 trillion in June, according to Cointelegraph, citing Visa’s stablecoin analytics dashboard on July 6. That was up 63% from $1.1 trillion in May and 125% from a year earlier. It also slightly exceeded the previous record of $1.78 trillion set in February 2026.

"June 2026 was another record month for stablecoin transaction volume after February," Zach Pandl, Grayscale’s head of research, said.

Circle’s USDC dominated by transaction volume. Visa’s data showed USDC processed $1.21 trillion in June, accounting for about 67% of the total. Tether’s USDT, the largest stablecoin by market capitalization, handled $576 billion, or about 32%. PayPal’s PYUSD ranked third at $2.42 billion.

Base, Coinbase’s Ethereum layer-2 network, ranked first among networks with $565 billion in volume, or 31.5% of the total. Ethereum followed closely at $562 billion, while Tron ranked third with $320 billion.

Open Standard recently joined the market with the launch of OpenUSD, or OUSD, a new stablecoin backed by support from about 140 companies including Visa and Mastercard.

"The jump in volume shows stablecoins are becoming core infrastructure for value transfer, liquidity provision and decentralized finance activity, regardless of speculative price moves," Nick Ruck, research director at LVRG Research, said. "Stablecoins are maturing into the foundational layer of the Web3 economy."