Adjusted stablecoin transaction volume hit a record $1.79 trillion in June, up 63% from May’s $1.1 trillion, according to payments giant Visa.
June’s record stablecoin transaction volume surpassed the previous record of $1.78 trillion in February, and is up 125% from the prior-year period, according to Visa’s Allium-powered stablecoin analytics dashboard. 
“June 2026 was another record month for stablecoin transaction volume, just ahead of February 2026,” said Zach Pandl, head of research at Grayscale, on Sunday. 
The sharp increase in stablecoin transaction volume suggests growing real-world use in payments, decentralized finance and cross-border transfers as crypto infrastructure matures. It comes despite a broader crypto bear market, suggesting that stablecoins have become a driving force in the industry. 
USDC has the lion’s share of volume
Despite Tether’s USDt being the largest stablecoin by market cap, the majority of the transaction volume, around 67%, was Circle’s USDC, with $1.21 trillion for the month. USDT accounted for around 32%, or $576 billion, according to Visa. 
PayPal’s PYUSD is the third-largest in terms of transaction volume, with $2.42 billion in June.