The figure rose by 63% compared to May (about $1.1 trillion) and by 125% year-over-year. However, June’s figure only slightly exceeded the previous record set in February at $1.78 trillion, according to forklog.com.
Circle’s USDC accounted for the bulk of the volume in the first month of summer—about $1.21 trillion (a share of about 67%). Tether’s USDT generated $576 billion in trading volume (32%). Third place went to PayPal’s PYUSD with $2.42 billion.
Among blockchains, Base ($565 billion), Ethereum ($562 billion), and TRON ($320 billion) led the way. Base accounted for 31.5% of the monthly volume, while TRON accounted for 18%.
Overall, stablecoin trading volume has been growing almost continuously, despite the prolonged correction in the industry. At the same time, positive trends are being observed in both the corporate and retail sectors.
