Circle’s USDC Takes 31.3% Share as Stablecoin Volume Hits $1.79 Trillion Record
CRCL•Circle’s USDC captured 31.3% of June’s stablecoin trading volume, eclipsing Tether’s 30.8% share, as total stablecoin turnover soared to a record $1.79 trillion. The milestone highlights growing adoption of USDC and bolsters prospects for Circle’s fee-based revenue.
1. Record Stablecoin Volume
June saw total stablecoin trading volume hit a record $1.79 trillion, surpassing prior monthly highs and reflecting a broad uptick in digital asset activity across spot and DeFi markets.
2. USDC Surpasses Tether
USDC accounted for 31.3% of all stablecoin trades in June, overtaking Tether’s 30.8% share for the first time and marking a pivotal shift in stablecoin market leadership.
3. Implications for Circle
The volume milestone underscores USDC’s growing utility in payments and trading corridors, potentially boosting Circle’s transaction-fee and custody revenue streams while strengthening its competitive position.
