Stablecoins add $4B, Bitcoin exchange reserves below 15%: July in charts
Main Idea
In July, the stablecoin market grew significantly with the passage of the GENIUS Act, while Bitcoin exchange reserves continued to decline, and tokenized real-world assets (RWAs) saw notable growth. Regulatory developments in the US and globally also impacted the crypto industry.
Key Points
1. The stablecoin market added $4 billion in July, with the GENIUS Act becoming law, boosting confidence in the sector and increasing active addresses by over 20%.
2. Bitcoin exchange reserves fell below 15% of the total supply for the first time since 2018, leading to predictions of a potential supply shock due to low availability on exchanges and OTC desks.
3. Tokenized RWAs surpassed $25 billion in value, growing by 2.5% in July, with significant increases in tokenized stocks (15%) and private credit and US Treasury debt driving the market.
4. Three US states (Missouri, New Hampshire, and Oregon) passed crypto-related laws, while Arizona vetoed a bill to create a state crypto reserve.
5. Crypto firms gained regulatory approval in seven countries, including Bybit, OKX, and CoinShares in Europe under MiCA, and Ripple and Circle sought banking licenses in the US.
Description
Investors are uncertain and moving their Bitcoin off exchanges, while stablecoins are set to take off after GENIUS passed.
Latest News
- South Korea to target leveraged crypto lending services with new rules2025-07-31 11:54:34
- ‘Everything is fine’: Coinbase mocks UK financial system in new video2025-07-31 11:29:01
- Philippines to secure government documents on Polygon despite network outage2025-07-31 10:49:51
- 'Real fun starts' if XRP price ends July above $3, new analysis says2025-07-31 10:30:15
- Bitcoin price retargets $119K as treasuries buy 28K BTC in two days2025-07-31 10:09:28