Stablecoin ↔ stablecoin volume · trades ≤ $2k
2026-05-29 → 2026-06-05 UTC · source out/trades_week.csv · stables: USDC, USDT, USDS, PYUSD, USDG, USDe, USD1
Top stablecoin pairs — by volume
| Pair | Volume | Share |
Trades | Avg | Top venue |
|---|
| USDC / USDT | $40.79M | 71.0% | 126,188 | $323 | Manifest |
| PYUSD / USDT | $8.54M | 14.9% | 10,137 | $843 | Unknown |
| PYUSD / USDC | $4.76M | 8.3% | 12,784 | $372 | Manifest |
| USDC / USDG | $1.50M | 2.6% | 17,934 | $84 | AlphaQ |
| USD1 / USDC | $912.2k | 1.6% | 15,689 | $58 | AlphaQ |
| USD1 / USDT | $559.3k | 1.0% | 3,880 | $144 | AlphaQ |
| USDC / USDS | $141.8k | 0.2% | 1,179 | $120 | Manifest |
| USDC / USDe | $93.7k | 0.2% | 1,387 | $68 | ZeroFi |
| USDT / USDe | $65.8k | 0.1% | 152 | $433 | Aquifer |
| USDG / USDT | $25.9k | 0.0% | 678 | $38 | Raydium CLMM |
| USDG / USDe | $21.1k | 0.0% | 200 | $106 | ZeroFi |
| PYUSD / USDG | $14.7k | 0.0% | 228 | $65 | Stabble Stable Swap |
Volume by size band (all pairs)
≤$10$114.1k
$10–50$516.1k
$50–100$885.2k
$100–250$3.69M
$250–500$20.91M
$500–1k$21.31M
$1k–2k$10.00M
Volume by venue (fills)
Manifest$21.49M
AlphaQ$14.39M
Unknown$11.71M
ZeroFi$5.98M
Aquifer$3.53M
Raydium CLMM$103.1k
Whirlpool$80.9k
Byreal$46.1k
Stabble Stable Swap$39.9k
GoonFi V2$34.9k
Meteora DLMM$14.1k
PancakeSwap$13.9k
Meteora$3.1k
SolFi V2$351
DefiTuna$272
Meteora DAMM v2$114
Pump.fun Amm$47
Saros$26
Raydium$0
Raydium CP$0
Volume by size band — per pair
USDC / USDT · $40.79M
≤$10$42.8k
$10–50$302.2k
$50–100$557.0k
$100–250$3.10M
$250–500$17.16M
$500–1k$13.52M
$1k–2k$6.10M
PYUSD / USDT · $8.54M
≤$10$578
$10–50$4.5k
$50–100$6.0k
$100–250$20.2k
$250–500$69.2k
$500–1k$5.51M
$1k–2k$2.94M
PYUSD / USDC · $4.76M
≤$10$2.5k
$10–50$9.4k
$50–100$16.1k
$100–250$100.2k
$250–500$3.32M
$500–1k$1.17M
$1k–2k$141.3k
USDC / USDG · $1.50M
≤$10$31.8k
$10–50$107.8k
$50–100$222.7k
$100–250$214.4k
$250–500$92.0k
$500–1k$560.5k
$1k–2k$268.6k
USD1 / USDC · $912.2k
≤$10$27.3k
$10–50$67.3k
$50–100$56.9k
$100–250$121.7k
$250–500$82.8k
$500–1k$296.8k
$1k–2k$259.4k
USD1 / USDT · $559.3k
≤$10$4.1k
$10–50$12.0k
$50–100$12.4k
$100–250$40.5k
$250–500$151.2k
$500–1k$186.6k
$1k–2k$152.5k
Volume by direction (top pairs)
USDC / USDT
USDT → USDC$22.15M
USDC → USDT$18.64M
PYUSD / USDT
USDT → PYUSD$8.54M
PYUSD → USDT$1.7k
PYUSD / USDC
PYUSD → USDC$4.60M
USDC → PYUSD$154.6k
USDC / USDG
USDG → USDC$767.4k
USDC → USDG$730.4k
USD1 / USDC
USDC → USD1$563.2k
USD1 → USDC$349.1k
USD1 / USDT
USDT → USD1$389.9k
USD1 → USDT$169.4k