According to CryptoRank Research, the total market value of stablecoins in July was approximately $308.3 billion, with a cumulative outflow of approximately $13.3 billion from May to July. In July, the number of transactions on the USDT chain reached 861.4 million, while the number of transactions on the USDC chain decreased to 656.7 million. In terms of on chain transfer amounts, USDC leads USDT by approximately $1.4 trillion with around $3.6 trillion. In July, the recharge amount of stablecoin payment cards reached 1.084 billion US dollars, of which the USDC recharge amount increased by 46% month on month and the USDT recharge amount increased by 7% month on month. The payment sector raised approximately $244 million in July.
