Stablecoin Market Cap Soars 4.87% to $261B Following 22-Month Growth Streak

Description

The stablecoin sector achieved another milestone in July, with total market capitalization reaching a new all-time high of $261B, representing a 4.87% monthly increase. This achievement extends an unprecedented twenty-two consecutive months of growth for the stablecoin market. $1.60T Trading Volume Powers July’s Stablecoin Market Growth According to the latest Stablecoins & CBDCs Report from CoinDesk, stablecoin pair trading volume on centralized exchanges reached $1.60T in July, coinciding with...