Original sourceCryptoBriefingAdditional: Cosmic Meta Digital
Summary
Visa reported that June stablecoin transaction volume reached a new all-time high of $1.79 trillion, with USDC surpassing Tether in volume on Solana and Base chains, dominating the market. This reflects growing demand for high-performance stablecoins in DeFi and payments.
Key points
- The record stablecoin volume signals accelerating adoption as a payment and settlement tool, relevant to crypto payment infrastructure providers and investors.
- USDC overtaking USDT as the most-used stablecoin by volume indicates a shift in market preference toward compliant stablecoins.
- Payment infrastructure developers should prioritize support for USDC and Solana/Base chains to align with market trends.
- USDC volume on Visa’s network had already begun growing in 2024; this breakthrough marks a key turning point in the stablecoin landscape.
Editorial note
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