July saw stablecoin on-chain transaction volume soar to a record $1.5 trillion, according to Centora's (formerly IntoTheBlock) analysis. This milestone underscores the growing importance of stablecoins in the cryptocurrency ecosystem for trading, payments, and decentralized finance (DeFi). The surge in stablecoin usage highlights their role in providing stability and liquidity within the volatile crypto market. This significant transaction volume indicates increasing adoption and utility across various platforms and applications. Market analysts point to increased institutional interest and growing DeFi adoption as key drivers. Stablecoins facilitate quick and efficient transfers of value, enabling seamless trading and participation in DeFi protocols. The previous record high was surpassed by a significant margin, showing strong continued growth for stablecoin adoption. ```