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USDC stablecoin volume hits record $1.79T in June, surpassing Tether as banks adopt digital currencies.

Market News
06 Jul 2026
Coindesk
View Source
Bullish
pluang ai news

Circle's USDC stablecoin led the stablecoin market in the first half of 2026, accounting for about 70% of adjusted transaction volume, far ahead of Tether's USDT at 25%. In June 2026, stablecoin transaction volume reached a record $1.79 trillion, a 63% increase from May and 125% from June 2025, driven by growing adoption from banks and financial institutions like Standard Chartered and BNY Mellon. This surge reflects a broader shift toward using established fiat-pegged digital assets for faster settlements and treasury operations. The first half of 2026 saw $8.82 trillion in adjusted stablecoin volume, indicating strong momentum in the digital currency space.

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