Stablecoin usage reached new heights in June, with adjusted transaction volume exceeding $1.79 trillion, according to Visa's Allium-powered dashboard.
This marks a significant increase from May's $1.1 trillion and surpasses the previous record of $1.78 trillion set in February.
The jump is attributed to Visa's methodology adjustment, which filters out high-frequency trading bot activity and repeated smart contract transactions to better reflect organic stablecoin use.
USDC led the pack with a 67% share of transaction volume, followed by Tether's USDt at around 32%, and PayPal's PYUSD in third place with $2.42 billion.