Altcoins News

Story: USDC Takes the Lead as Stablecoin Transactions Reach Record $1.5 Trillion in July

By Pankaj K

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Stablecoin Activity Hits All-Time High. According to blockchain analytics firm Sentora, the on-chain volume for stablecoins surpassed $1.

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DeFi Rebound Powers Stablecoin Growth. One of the key drivers behind this rise in stablecoin transactions is the resurgence in DeFi…

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USDC Emerges as the Dominant Stablecoin. Among the top-performing stablecoins, USDC has taken a clear lead in on-chain transaction volume.

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Supply Trends Tell a Different Story. While USDC leads in usage, USDT remains the largest stablecoin by market capitalization.

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Stablecoin Market Cap Nears $370 Billion. Altogether, the total stablecoin market capitalization has climbed to $368 billion, adding $13.

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Regulatory Clarity Fuels Confidence. Adding to the momentum, the U.S. Securities and Exchange Commission (SEC) recently released…

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Looking Ahead. As stablecoins become increasingly embedded in on-chain activity, particularly within DeFi, their…

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The stablecoin market is witnessing an unprecedented surge in activity, with monthly on-chain settlement volumes reaching new heights. In July 2025 alone, over $1.

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Driving this growth is USDC (USD Coin), which has steadily gained dominance in on-chain usage, outpacing rivals such as Tether (USDT) and DAI.

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Since the beginning of 2025, stablecoin transaction volumes have shown consistent upward momentum.

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The first week of August has already recorded nearly $200 billion in stablecoin volume, suggesting that this month could close above $1.2 trillion as well.

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Ethereum continues to lead the charge, with increasing user interest fueled by the network’s growth and ETH’s recent rise toward the $4,000 level.

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This dominance of USDC highlights a significant shift in user behavior, with market participants increasingly favoring USDC for DeFi operations.

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While USDC leads in usage, USDT remains the largest stablecoin by market capitalization. As of early August, USDT’s supply stands at $164.7 billion, giving it a 61.

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In comparison, USDC’s supply is $63.85 billion — considerably lower than USDT, despite a similar monthly growth rate. Other notable players in the market include DAI ($4.

The Currency Analytics

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