Data: USDC leads USDT in stablecoin trading volume competition, monthly trading volume hits new high

According to statistics from Visa's on-chain data platform, USDC has expanded its lead over USDT in stablecoin trading volume in the first half of 2026. Data shows that adjusted stablecoin trading volume in June rose to $1.79 trillion, a 63% increase from May and a 125% increase from June 2025, reaching a historic high. Visa's statistics have excluded non-genuine economic activities such as bot trading and internal exchange transfers.

Total stablecoin trading volume in the first half of the year reached $8.82 trillion, exceeding the full-year 2024 level of $5.8 trillion, but still below the record $10.8 trillion set in 2025.

Structurally, USDC accounted for approximately 70% of the market share in the first half of 2026, while USDT held about 25%, indicating a significant shift in market share towards compliant stablecoins.

Analysts point out that as banks and institutions gradually utilize stablecoins for settlement and fund management, including institutions like Standard Chartered and BNY Mellon accelerating their integration into the USDC ecosystem, stablecoin infrastructure is entering an institutional expansion phase. (CoinDesk)