Stablecoins Explode.

Par La Rédaction
Publié le 6 July 2026

Markets

Stablecoin transaction volume reached an unprecedented level in June 2026, surpassing the $1.79 trillion mark for the first time. This absolute record marks a decisive milestone in the adoption of stablecoins as a global financial infrastructure, driven by the rise of cross-border payments, institutional adoption, and growing use in decentralized finance (DeFi).

A Historic Volume on the Rise

According to data compiled by CoinDesk and several on-chain data providers, total stablecoin transaction volume surged to $1.79 trillion in June 2026, shattering the previous record set in March 2026. This explosive growth is fueled by several converging factors: the use of stablecoins as a store of value in emerging markets, the settlement of institutional transactions, and the growing integration into traditional payment systems.

The major stablecoins — USDT (Tether), USDC (Circle), and DAI (MakerDAO) — still dominate the market, but new entrants like regulated European stablecoins are beginning to gain market share. USDT remains the undisputed leader with approximately 69% market share, followed by USDC at 21%, while euro-backed stablecoins are progressing slowly but steadily.

The “Hybrid Finance” Phenomenon According to Bitso

Bitso, the leading exchange platform in Latin America, recently introduced the concept of “Hybrid Finance” (HyFi), describing the merging of traditional finance (TradFi) and decentralized finance (DeFi) via stablecoins. This vision reflects a broader trend: stablecoins are no longer simply a crypto-native tool but are becoming a bridge between two financial worlds that are inexorably converging.

This evolution is manifesting tangibly: traditional banks like JPMorgan and Goldman Sachs are actively exploring the issuance of their own stablecoins, while payment giants like PayPal and Revolut are already integrating or planning to integrate stablecoins into their offerings. Revolut has also announced the upcoming removal of USDT support in August 2026, a decision that adds additional regulatory tension to the landscape.

A Record Driven by Institutional Adoption

The increase in stablecoin transaction volume in June 2026 coincides with several major institutional developments. Spot Bitcoin and Ethereum exchange-traded funds (ETFs) continue to attract capital, and stablecoins serve as a preferred settlement vehicle for these regulated financial products.

On-chain data shows that stablecoin transactions over $10 million increased by 34% in June compared to the previous month, signaling heightened institutional activity. Cross-border transfers via stablecoins are also booming, particularly in regions where access to foreign currencies is limited, such as Latin America, Africa, and parts of Southeast Asia.

The Stablecoin Conference and the Collateral vs. Yield Debate

June was also marked by an international conference on stablecoins, where the sector’s leading players debated the future of this asset class. The central debate revolved around the tension between collateral safety and the search for yield. On one side, proponents of 100% liquid and secure collateral (such as short-term U.S. Treasury bills) argue for stability above all else. On the other side, some players propose integrating modest yields via DeFi protocols to improve capital efficiency.

This debate reflects a maturing sector: stablecoins are no longer just trading tools, but are becoming a full-fledged asset class with profound economic and regulatory implications. Central banks around the world are watching these developments closely, with some even exploring their own central bank digital currencies (CBDCs) as a potential alternative.

Regulatory Pressure Intensifies

Paradoxically, the explosion in stablecoin volume comes amid an increasingly strict regulatory environment. The European Union, with its MiCA (Markets in Crypto-Assets) framework which came into effect in June 2024, now imposes stringent requirements on stablecoin issuers. The MiCA transition is nearing its end, and issuers must comply with rigorous rules regarding reserves, transparency, and consumer protection.

In the United States, the debate over stablecoin regulation remains at a standstill, but the CLARITY Act and other legislative proposals could provide a clear framework in the months ahead. The position of the Securities and Exchange Commission...