USDC Stablecoin Trading Volume Share Surges to 70% in June

USDC captures nearly 70% of stablecoin trading volume, a new high, while Circle renews Coinbase partnership and expands payment network reach to 175 institutions.

Woofun AI reports that USDC’s share of total stablecoin trading volume climbed to nearly 70% in June, marking a record high. Jeremy Allaire, Circle CEO, stated during the Q2 earnings call that the CLARITY Act is advancing rapidly in the Senate, with a vote targeted for this week, while the GENIUS Act is expected to take effect in January 2027.

Circle confirmed the renewal of its cooperation agreement with Coinbase under original terms, ensuring USDC integration across all Coinbase products. The two firms are also collaborating on profit-sharing for USDC on Hyperliquid, where approximately 90% of USDC was stored on Coinbase at the end of Q2. Circle’s payment network transaction volume reached $23 billion by July 31, a 130% quarterly increase, with connected financial institutions rising to 175.

Additionally, Circle noted it has no plans for quarterly dividends and highlighted that USDC handles over 99.3% of AI Agent payments.