- USDC processed $1.21 trillion in adjusted June stablecoin transaction volume.
- Tether handled more transactions, but USDC led by transferred value.
- Circle shares climbed despite a bearish analyst outlook from Jefferies.
USDC Stablecoin Volume reached a new milestone in June as Circle’s dollar-backed token overtook Tether in adjusted transaction value, according to Visa data shared by Grayscale Head of Research Zach Pandl. The latest figures highlight growing institutional activity around Circle USDC.
USDC Stablecoin Volume Outpaces Tether in Visa Report
Visa’s adjusted stablecoin transaction data showed USDC Stablecoin Volume reached $1.21 trillion during June 2026. That represented approximately 67% of the month’s total adjusted stablecoin trading volume, which was $1.78 trillion. By comparison, Tether’s USDT processed $573 billion in adjusted volume.
While USDC Stablecoin Volume led in value transferred, USDT remained ahead in transaction count. Tether recorded approximately 145 million transfers, compared with 57 million for USDC. The difference suggests USDT continues to dominate smaller retail payments, while Circle USDC is capturing larger-value transfers.
USDC Stablecoin Volume Boosts Circle Despite Bearish View
The strong USDC Stablecoin Volume figures coincided with gains in Circle Internet Group shares. CRCL closed about 4% higher at $64 on July 2 before extending gains to around $66 in pre-market trading on July 6.
The rally came despite Jefferies issuing a bearish note, warning that future competition from new stablecoins could pressure Circle’s position. Even so, investors appeared to focus on the latest USDC Stablecoin Volume data, which underscored Circle’s growing share of stablecoin settlement activity.
According to Zach Pandl, June established a record month for adjusted stablecoin transaction volume. The latest Visa and Allium data indicate an increasing adoption of regulated digital dollars as institutions continue to expand their use of blockchain-based payment infrastructure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
