In July, the total market capitalisation of stablecoins rose 2.11% to $164bn, recording the tenth consecutive increase in the end-of-month market capitalisation.
Key Takeaways:
Trading volume for stablecoin pairs on centralised exchanges fell by 8.35% to $795bn (as of the 25th), marking the fourth consecutive monthly decline.
The market cap of TetherUSD (USDT) rose by 1.61% to $114bn, continuing to record a new all-time high for the stablecoin with its eleventh consecutive monthly increase in market capitalisation.
In June, the market capitalisation of PYUSD rose 86.3% to $499mn, marking a new all-time high for the asset.
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CCData's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
Gain insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalisation, trading volume and more.
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