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Stablecoin transaction volume reached a record $1.79 trillion in June, on-chain data shows, marking the asset class's highest monthly settlement figure on record.
The milestone points to accelerating real-world use of dollar-pegged tokens as a payments and settlement rail, not merely a trading instrument.
What the Record Signals The $1.79 trillion figure reflects gross transaction volume processed across stablecoin networks during the month, a measure that captures how actively the tokens are circulating rather than simply being held.
A rising volume number, distinct from market capitalisation, is the more direct indicator of whether stablecoins are functioning as a medium of exchange — and June's reading suggests they are doing exactly that at an unprecedented scale.
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