USDC Surpasses Tether in June Transaction Volume
- Record Transaction Volume: According to Visa data, USDC achieved an adjusted transaction volume of $1.21 trillion in June 2026, representing 67% of the month's total stablecoin trading volume, highlighting growing institutional interest in Circle USDC.
- Tether vs. USDC: While USDC led in transferred value, Tether maintained an edge in transaction count, processing approximately 145 million transactions compared to USDC's 57 million, indicating Tether's dominance in smaller retail payments.
- Circle Stock Surge: Circle Internet Group's shares rose about 4% to $64 on July 2, extending gains to around $66 in pre-market trading on July 6, despite a bearish outlook from Jefferies warning of future competitive pressures on Circle.
- Stablecoin Market Trends: The record transaction volume in June reflects increasing adoption of regulated digital dollars, suggesting that the use of blockchain-based payment infrastructure is expanding, which may influence future market dynamics.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0255 | 0.0292 | 0.0323 | 0.036 | 0.0391 | 0.0427 | 0.0459 |
| Fibonacci | 0.0292 | 0.0318 | 0.0334 | 0.036 | 0.0386 | 0.0402 | 0.0427 |
About the author
