The issuance supply of stablecoins in July rose to 144.3 billion US dollars, with USDT's market share reaching 78.9%
According to data from The Block Pro, the on-chain transaction volume of stablecoins increased by 18.8% in July after adjustment, reaching $997.4 billion. The supply of issued stablecoins grew by 1.2%, rising to $144.3 billion, with USDT and USDC's market shares being 78.9% and 17.1% respectively. In addition, the total on-chain transaction volume for Bitcoin and Ethereum increased overall by 31.8%, rising to $445 billion; among them, the adjusted on-chain transaction volume for Bitcoin rose by 34.7%, while Ethereum saw an increase of 27.7%.
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