A new all-time high of $261B in stablecoin market cap, paired with $1.60T in trading volume, has been recorded in July as the GENIUS Act and global trends drive sector growth.
In July, the stablecoin market achieved an all-time high of $261B with a 4.87% monthly increase and $1.60T in exchange trading volume. Tether's market cap rose 3.61% to $164B despite a slight decline in dominance, USDC increased to $63.6B, and Ethena USDe surged 43.5% to $7.60B. The GENIUS Act, signed on July 18, mandates full backing and monthly reserve disclosures for payment stablecoins, while the Tron network set a record with an $81.9B market cap and over 50% of USDT supply. Industry forecasts vary, with predictions ranging from a modest $500B growth to a potential $2T expansion.