Stablecoin Transactions Hit Record $1.79 Trillion in June

In June, the adjusted transaction volume for stablecoins reached a record high of $1.79 trillion, according to data from the Visa analytics dashboard based on Allium.

Adjusted monthly transaction volume of stablecoins. Source: Visa.

This figure represents a 63% increase from May (approximately $1.1 trillion) and a 125% year-over-year rise. June's total slightly surpassed the previous record of $1.78 trillion set in February.

The majority of the volume in the first month of summer came from USDC by Circle, accounting for about $1.21 trillion (around 67%). USDT from Tether contributed $576 billion (32%). PayPal's PYUSD took third place with $2.42 billion.

Transaction volume share of various stablecoins. Source: Visa.

Among blockchains, Base led with $565 billion, followed closely by Ethereum at $562 billion and TRON at $320 billion. Base accounted for 31.5% of the monthly volume, while TRON held 18%.

Blockchain share of stablecoin transaction volume. Source: Visa.

Overall, stablecoin transactions have been steadily increasing, despite a prolonged correction in the industry. Positive trends are observed in both corporate and retail environments.

Notably, in June, Bitwise CIO Matt Hougan pointed out that financial advisors have shifted their focus from Bitcoin to stablecoins and tokenized assets.