Data from the Visa chain board show that stable currency transactions continued to accelerate in 2026. The adjusted and stable currency transactions rose to $1.79 trillion in June, a single-month high; cumulatively, they reached $882 trillion in the first six months of the year, significantly above the year-round level of 2024.

High single-month turnover in June

By Visa ' s caliber, adjusted trade volumes remove robotic activity, intra-exchange transfers and other chains that do not represent real economic activity. By this standard, the stable currency transactions in June increased by 63 per cent over the $1.1 trillion in May and 125 per cent over the approximately $795 billion in June 2025.

The cumulative amount of $882 trillion in the first half of this year has exceeded $5.8 trillion throughout 2024, and the record of $10.8 trillion in 2025 is about $2 trillion.

  • June 2026: $1.79 trillion
  • May 2026: $1.1 trillion
  • June 2025: approximately $795 billion

USDC continues to close the gap with USDT.

In terms of the stable currency structure, USDC, issued by Circle, accounted for about 70 per cent of adjusted transactions in the first half of 2026, while Tether issued about 25 per cent of USDT. That means USDC continues to expand the lead.

This change contrasts sharply with the pattern of the past few years. By 2020, USDT accounted for nearly 90 per cent of adjusted transactions, USDC less than 10 per cent. By 2022, the proportion of USDC had risen to about 45 per cent, and has since continued to increase.

Use by banks to promote increased use of stable currency

The growth in the volume of transactions is taking place against the background of stable currency being used by banks and financial institutions to pay, settle and manage funds. Reports mention that both Slag Charter Bank and Melon Bank in New York have recently increased their services around USDC rather than building an independent infrastructure.

This reflects the preference of financial institutions to access the already large-scale network of monetized digital assets. As the demand for payments and settlements expands, so does the frequency of use of mature stable currency networks, which further boosts actual transactions on the chain.

  • USDC share: about 70 per cent
  • USDT share for the first half of the year: about 25%
  • Total transactions for the first half of the year: $882 trillion