The Stablecoin Flippening: USDC Overtakes USDT as Market Hits Record $1.79T
For the first time since 2019, Tether’s (USDT) undisputed reign over the stablecoin market has been fiercely challenged. June 2026 marked a historic turning point: USDC captured a dominant 68% share of total transaction volume, relegating USDT to just 32%.
Institutional Muscle Drives the Shift
This massive momentum shift is largely fueled by Wall Street and global banking giants. Institutional adoption has transitioned from theory to reality, highlighted by Standard Chartered and BNY (Bank of New York Mellon) actively rolling out commercial services backed by USDC.
A Record-Breaking Month
The broader stablecoin ecosystem is experiencing unprecedented growth. In June 2026, total stablecoin transaction volume hit a staggering $1.79 Trillion, representing a:
+63% MoM increase compared to May 2026.
+125% YoY surge compared to June 2025.