{"id":433308,"date":"2026-07-08T05:38:28","date_gmt":"2026-07-08T00:08:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-is-losing-ownership-of-crypto-payments-as-base-moves-565b-in-stablecoins-crypto-news\/"},"modified":"2026-07-08T06:44:21","modified_gmt":"2026-07-08T01:14:21","slug":"ethereum-is-losing-ownership-of-crypto-payments-as-base-moves-565b-in-stablecoins-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-is-losing-ownership-of-crypto-payments-as-base-moves-565b-in-stablecoins-crypto-news\/","title":{"rendered":"Ethereum is losing ownership of crypto payments as Base moves $565B in stablecoins – Crypto News"},"content":{"rendered":"

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Stablecoin activity is becoming a contest over which blockchains move the most tokenized dollars.<\/p>\n

Visa Onchain Analytics showed that the adjusted stablecoin transaction volume<\/a> reached about $1.79 trillion in June, surpassing its February high and rising sharply from May. The key network split was tight: Base ranked first at about $565 billion in adjusted volume, just ahead of Ethereum<\/a> at roughly $562 billion.<\/p>\n

While the edge Base might have over Ethereum might be small, it’s still a significant achievement. Base is a layer-2 network built around cheaper, faster Ethereum activity. When it rises to the top of an adjusted stablecoin flow table, it shifts attention from token supply to payment distribution: wallets, fees, app integrations, and settlement availability.<\/p>\n

Visa’s dashboard separates adjusted and unadjusted activity because raw blockchain volume can include bots, high-frequency wallets, internal smart contract movement, and intra-exchange transfers. Its adjusted methodology<\/a>, developed with Allium and other partners, tries to strip out that noise and get closer to activity that looks and feels like real settlement.<\/p>\n

The filters are still a best-guess approach, and Visa says it will keep improving its methodology as labeling coverage expands. Even with that limitation, adjusted volume is more useful for the Base-Ethereum comparison than raw transfer volume alone, as it shows where meaningful stablecoin movement is happening.<\/p>\n

The issuer split reinforced USDC\u2019s role in stablecoin settlement. USDC accounted for roughly 67% of June’s adjusted volume, while USDT<\/a> accounted for about 32%. That keeps USDC<\/a> at the center of stablecoin flows, particularly on Base, but the more important shift remains how volume is distributed across networks.<\/p>\n

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