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.
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.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.