The total on-chain stablecoin transaction volume surged to a new all-time high of $1.5 trillion in July. Circle’s USDCdominated the stablecoin market, accounting for nearly 50% of the total volume. The GENIUS Act, signed into law on July 19,established clear guidelines for stablecoins.

The total on-chain stablecoin transaction volume surged to a new all-time high of $1.5 trillion in July. Circle’s USDCdominated the stablecoin market, accounting for nearly 50% of the total volume. The GENIUS Act, signed into law on July 19,established clear guidelines for stablecoins.

Source: https://cryptoslate.com/us-genius-act-sparks-stablecoin-boom-with-record-1-5-trillion-transaction-volume-in-july/