By Isaac • July 6, 2026 7:43 pm •
Stablecoins just posted a number that looks less like a crypto side market and more like payment infrastructure.
Visa’s onchain analytics data showed adjusted stablecoin transaction volume reaching a record $1.79 trillion in June 2026.
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The key word is adjusted. Visa’s dashboard attempts to filter out bot activity, exchange transfers, and other transactions that do not reflect real economic activity.
That makes the June figure a cleaner signal than raw blockchain transfer volume, though it still should not be confused with Visa’s own card-network volume or its separate stablecoin settlement pilot.
DATA: @Circle’s $USDC accounted for roughly 70% of adjusted stablecoin transaction volume in the first half of 2026, compared with about 25% for @Tether’s
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