Stablecoin Transaction Volume Reached $1.79 Trillion in June 2026

According to aggregated Visa data, stablecoin transaction volume increased from $1.1 trillion in May to $1.79 trillion in June, up 63%. Stablecoins processed a total of 1.6 billion transactions during the month.

The June figure was also 125% higher than in June 2025 and surpassed the previous record transaction volume of $1.78 trillion, which was recorded in February 2026.

The top three stablecoins by transaction volume in June were:

• Circle’s USDC: $1.21 trillion, accounting for near 67% of all transactions during the month;
• Tether’s USDT: $576 billion, or about 32% of total transaction volume;
• PayPal’s PYUSD: $2.42 billion.

Base ranked first by transaction volume. The network processed 11.6 million transactions worth about $590 billion during the month. Ethereum processed 3.9 million transactions totaling $385 billion. By transaction count, however, BNB Chain and TRON led the market, with users executing 62 million and 49 million transactions in June, respectively.

According to Visa, the increase in activity reflected broader real world adoption of stablecoins across payments, decentralized finance, and cross-border transfers. The new record was set despite continued weakness in the broader crypto market, which analysts said highlighted the growing independence of the stablecoin sector.

The stablecoin market continues to expand. Crédit Agricole, Open Standard, SBI Group, and AllUnity recently launched their own stablecoins. At the same time, analysts at the Bank for International Settlements (BIS) warned that large-scale adoption of stablecoins could create new risks for the global financial system.