Overview
- Visa’s Onchain Analytics reported $1.79 trillion in adjusted stablecoin transaction volume for June 2026, a 63 percent gain from May and a 125 percent rise year over year.
- Circle’s USDC accounted for roughly 67 percent of June’s adjusted volume, about $1.21 trillion, while Tether’s USDT handled more transfers by count but less dollar value.
- Activity concentrated on a few networks with Base and Solana taking the largest shares and TRON and Ethereum also processing large flows, reshaping fee and settlement dynamics on those chains.
- On‑chain trackers recorded Circle minting roughly $3.5 billion of USDC on Solana in a single week, including a $1 billion mint on June 16, a sign of large institutional or treasury flows.
- Banks and custodians such as Standard Chartered and BNY Mellon have rolled out USDC services and Visa’s trailing‑12‑month adjusted volume is about $10.2 trillion, indicating stablecoins are increasingly used for real payments and settlement rather than only trading.