Stablecoin transaction volume surged to a record $1.8 trillion in February, highlighting the rapid growth of digital dollar-based payments across the crypto ecosystem.
Data from blockchain analytics firm Allium shows that USDC accounted for the majority of this activity, with transfer volumes reaching $1.26 trillion during the month.
This marks the highest monthly transaction volume recorded for the stablecoin since its launch in September 2018. In comparison, Tether’s USDT registered $514 billion in transfer volume during the same period.
Stablecoins are cryptocurrencies designed to maintain a steady value by being pegged to fiat currencies, typically the US dollar, and are widely used for trading, payments and cross-border transfers across multiple blockchain networks.
The latest data suggests that USDC is gaining significant traction among institutional users and traders, signaling a broader shift toward regulated and transparent stablecoin alternatives in global crypto markets.
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