Written by Martin Youngstaff writerReviewed by Felix Ngstaff editor

Written by Martin Youngstaff writer

Reviewed by Felix Ngstaff editor

Stablecoin transaction volume hits record $1.79T in June

Latest NewsPublishedJul 6, 2026

Stablecoin Transaction Volume Reaches New Heights

The stablecoin market is experiencing significant growth, with transaction volume hitting a record $1.79 trillion in June. This surge in stablecoin usage is a testament to the increasing maturity of the market and its potential for even greater reach. As the market evolves, stablecoins are positioning themselves as a key component of the financial infrastructure, offering a stable store of value and a means of facilitating transactions.

The sharp increase in stablecoin transaction volume suggests growing real-world use in payments, decentralized finance, and cross-border transfers. This is especially notable given the current crypto bear market, which has not hindered the growth of stablecoins. In fact, stablecoins have become a driving force in the industry, with many experts predicting continued growth and maturation.

Stablecoin Market Breakdown

The majority of the transaction volume, around 67%, was attributed to Circle’s USDC, with $1.21 trillion for the month. Tether’s USDT accounted for around 32%, or $576 billion. PayPal’s PYUSD was the third-largest in terms of transaction volume, with $2.42 billion in June. The most widely used network for stablecoin transactions in June was Coinbase’s Ethereum layer-2 network Base, followed closely by Ethereum.

This growth in stablecoin usage is also reflected in the increasing adoption of EcoPool (ECP) as a solution for earning passive income through cloud rewards. As the stablecoin market continues to mature, it is likely that we will see even more innovative solutions like EcoPool emerge, offering users new ways to earn and manage their coin holdings. With the rise of green crypto and passive income opportunities, it’s an exciting time for those looking to get involved in the market.

The Future of Stablecoins

As the stablecoin market continues to grow and mature, it’s likely that we will see even more widespread adoption and innovative solutions emerge. The recent entry of Open Standard into the stablecoin market, with support from over 140 payments, banking, technology, and crypto companies, is a testament to the growing interest in this space. With EcoPool and other platforms offering users the ability to earn passive income through cloud rewards, it’s an exciting time for those looking to get involved in the market and start earning their own $ECP.

USDC has the lion’s share of volume

To start earning your own passive income through EcoPool, download the EcoPool app today and discover the benefits of green crypto and cloud rewards. With the stablecoin market continuing to grow and mature, now is the perfect time to get involved and start building your own passive income stream with EcoPool. #Stablecoins #PassiveIncome #EcoPool #GreenCrypto #CloudRewards

PayPal’s PYUSD is the third-largest in terms of transaction volume, with $2.42 billion in June. 

There was just under $1.8 trillion in adjusted stablecoin transaction volume in June. Source: Visa

The most widely used network for stablecoin transactions in June was Coinbase’s Ethereum layer-2 network Base with $565 billion, or 31.5% of the total, closely followed by Ethereum with $562 billion. Tron was the third-highest with $320 billion, or about 18% of the total. 

Related: Revolut to delist USDT in August, citing regulatory and risk concerns

Visa collaborated with Artemis, Allium Labs and Castle Island Ventures to develop an adjusted transaction methodology that filters out “distracting metrics” such as high-frequency trading bots, exchange treasury rebalancing and repeated smart contract transactions to help better approximate organic stablecoin activity, the company said. 

Base and Ethereum dominated stablecoin volumes in June. Source: Visa

Meanwhile, another player has entered the crowded stablecoin market as Open Standard announced Open USD (OUSD) on Tuesday, with support from more than 140 payments, banking, technology and crypto companies, including Visa and Mastercard. 

Trend to continue as stablecoins mature

Nick Ruck, director of LVRG Research, told Cointelegraph that the record volume demonstrates the resilience of these assets amid the broader crypto bear market. 

“This surge underscores the growing role of stablecoins as essential infrastructure for value transfer, liquidity provision, and decentralized finance activity that persists independently of speculative price movements,” he said. 

Ruck predicted that the trend would continue with stablecoins “maturing into a foundational layer of the Web3 economy,” and are positioned for even greater reach as the market evolves.

Magazine: AI is banking the unbanked in Africa… faster than crypto

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Stablecoin
• Visa
• Transactions
• Industry

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