Circle’s USDC stablecoin widened its lead over competitor Tether’s USDT by transaction quantity through the first half of 2026, in response to contemporary information from Visa’s onchain dashboard.
In June alone, stablecoin exercise elevated to a report $1.79 trillion in adjusted transaction quantity, up 63% from Could’s $1.1 trillion and 125% from about $795 billion in June 2025. Visa removes bot exercise, alternate transfers and different blockchain transactions that don’t mirror actual financial exercise earlier than calculating adjusted quantity.
These figures come as banks and different monetary establishments increase their use of stablecoins for funds, settlement and treasury operations. Commonplace Chartered and BNY not too long ago added providers round Circles’s USDC relatively than constructing their very own infrastructure which additionally displays a broader shift towards utilizing established stablecoin networks as exercise and demand for fiat-pegged digital belongings will increase.
The primary six months of the yr totaled $8.82 trillion in adjusted stablecoin transaction quantity. That’s greater than the $5.8 trillion recorded throughout all of 2024 and $2 trillion lower than the report $10.8 trillion reported in 2025.
USDC accounted for about 70% of adjusted transaction quantity through the first half of 2026. USDT represented roughly 25%..