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B3bit

07/06 09:07Bullish

$USDC has the lion’s share of volume

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$USDC has the lion’s share of volumeDespite Tether’s USDt being the largest stablecoin by market cap, the majority of the transaction volume, around 67%, was Circle’s $USDC, with $1.21 trillion for the month. $USDT accounted for around 32%, or $576 billion, according to Visa. PayPal’s PYUSD is the third-largest in terms of transaction volume, with $2.42 billion in June.There was just under $1.8 trillion in adjusted stablecoin transaction volume in June. Source: Visa The most widely used network for stablecoin transactions in June was Coinbase’s Ethereum layer-2 network Base with $565 billion, or 31.5% of the total, closely followed by Ethereum with $562 billion. Tron was the third-highest with $320 billion, or about 18% of the total.
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