𝗢𝘃𝗲𝗿 𝘁𝗵𝗲 𝗹𝗮𝘀𝘁 𝗺𝗼𝗻𝘁𝗵, 𝘁𝗵𝗲 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 𝘀𝗲𝗰𝘁𝗼𝗿 𝘀𝗲𝘁 𝘀𝗲𝘃𝗲𝗿𝗮𝗹 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝗿𝗲𝗰𝗼𝗿𝗱𝘀.

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The total stablecoin market cap reached an ATH of $269B. USDT remains the dominating asset, capturing 61% market share with $164.7B market cap. it's followed by USDC with ~24% share and USDe (3.6%). With $136B, Ethereum is the leading chain by stables, accounting for 52% of the market.

In July, stablecoins reached an ATH of 44.8M in active addresses. USDT (30.2M), USDC (12M), and USD1 (0.87M) had the highest number of interacting addresses.

BNB Chain led with 14.7M active stablecoin addresses, followed by Tron (9.9M), and Polygon (5M). Over the past 30 days, stablecoin transactions totaled 1.3B.

Total stablecoin volume hit an ATH of $1.5T in July, up 18% month-over-month and nearly 50% compared to July 2024. USDC accounted for almost half of the volume (48.76%), followed by USDT (27.4%) and DAI (17.6%).

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