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Fintech & Digital PaymentsNews|July 7, 2026, 08:48 AM
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Visa Data Shows USDC Leading Stablecoin Volume At 70%

BySendTech Times Fintech DeskNewsroom-edited, source-reviewed coverage
Newsroom brief

CoinDesk reported that Visa data showed USDC with about 70% of adjusted stablecoin transaction volume in the first half of 2026, while June volume reached $1.79 trillion. The dashboard gives a network-level payments signal, but it does not show bank-level USDC usage, customer counts or service fees.

Verified against source materialEdited by SendTech Times Fintech DeskSource: CoinDesk
Visa Data Shows USDC Leading Stablecoin Volume At 70%
Image source: Visa / CoinDesk

Visa Data Shows $1.79 Trillion In June Volume

CoinDesk reported that Visa's dashboard recorded $1.79 trillion in adjusted stablecoin transaction volume in June 2026.

Circle's USDC accounted for about 70 percent of first-half adjusted activity, while Tether's USDT held roughly 25 percent.

The June figure was 63 percent above May's $1.1 trillion and 125 percent above about $795 billion in June 2025.

Visa's adjusted measure removes bot activity, exchange transfers and other blockchain transactions it does not treat as real economic activity.

The result is closer to payment and settlement flows than raw token-transfer volume.

USDC Lead Arrives As Banks Add Services

Standard Chartered and BNY were among the institutions recently adding services around Circle's USDC rather than building their own stablecoin infrastructure.

The examples keep the story focused on payment rails rather than token-price trading.

No bank-level breakdown shows how much of the network volume came from Standard Chartered, BNY or another institution.

Stablecoin services can cover payments, settlement and treasury operations, but the dashboard does not identify which use generated each transfer.

That prevents a direct comparison between network growth and adoption by the named banking customers.

USDC's lead also reverses the earlier mix.

USDT represented nearly 90 percent of adjusted transaction volume in 2020, while USDC held less than 10 percent.

First-Half Volume Reaches $8.82 Trillion

Visa recorded $8.82 trillion in adjusted stablecoin transaction volume during the first six months of 2026.

That total had already passed the full-year 2024 figure of $5.8 trillion but remained below the $10.8 trillion recorded for 2025.

The comparison provides a scale marker for stablecoin payment rails.

It does not show that every dollar represents merchant settlement, treasury operations or cross-border bank flows.

Visa's dashboard remains a network-level signal.

Bank-level USDC volumes, customer counts, institutional settlement values, regional splits and fee terms for the new services have not been published.

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