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.
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Adjusted transaction volume for stablecoins hit new all-time high in June: data written by Michael McSweeney @ https://www.theblockcrypto.com/linked/70417/adjusted-transaction-volume-june-stablecoins?utm_source=rss&utm_medium=rss July 4, 2020 Michael McSweeney