Stablecoin trading volume soared to a record $1.79 trillion in June, marking a 63% increase from May's $1.1 trillion and a 125% rise year-over-year, according to Visa data reported by Cointelegraph. USDC was the dominant stablecoin, contributing approximately 67% of the total volume with $1.21 trillion, while USDT accounted for about 32% at $576 billion.
In terms of network distribution, Base led with $565 billion in transactions, representing 31.5% of the total volume. Ethereum followed closely with $562 billion, and Tron ranked third with $320 billion. This surge underscores the growing adoption and utilization of stablecoins across various blockchain networks.
Stablecoin Trading Volume Hits Record $1.79 Trillion in June
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