Adjusted transaction volume for stablecoins hit new all-time high in June: data

The adjusted transaction volume for stablecoins hit a new all-time high in June, according to data collected by The Block.

The development represents the third month in a row that the figure was above $40 billion, beating the previous high seen in April. Once again, that adjusted transaction volume was dominated by Tether.

Source: The Block Research

The data continues a pattern seen since the spring, when adjusted transaction volumes jumped above the range seen between October and February.

On Thursday, the stablecoin USDC crossed the 1 billion token supply mark, as The Block previously reported. 

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