Data: USDC Leads USDT in Stablecoin Trading Volume Competition, Monthly Volume Reaches New High
According to Visa's on-chain data platform statistics, USDC has expanded its lead over USDT in stablecoin trading volume during the first half of 2026. Data shows that adjusted stablecoin trading volume rose to $1.79 trillion in June, an increase of 63% compared to May and up 125% year-over-year from June 2025, hitting a new all-time 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, surpassing the full-year 2024 figure of $5.8 trillion, though 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 market shift towards compliant stablecoins.
Analysts point out that as banks and institutions increasingly use stablecoins for settlement and fund management, and institutions like Standard Chartered and BNY Mellon accelerate their integration into the USDC ecosystem, stablecoin infrastructure is entering a phase of institutional expansion. (CoinDesk)
