According to CCData's July 31 report, as of July 25, USD Coin (USDC)'s trading volume on centralized exchanges reached $135 billion, with a 48% increase in July and a 5.4% increase in market value to $33.6 billion. Thanks to the implementation of the EU Crypto-Asset Market (MiCA) regulatory framework, Circle became the first stablecoin issuer in the region to be approved by regulators on July 1. The total market value of stablecoins increased by 2.1% in July to $164 billion, the highest level since April 2022. However, as of July 25, trading volume on centralized exchanges decreased by 8.4% to $795 billion, marking the fourth consecutive month of decline.
The USDC trading volume increased by 48% in July, and its market capitalization grew by 5.4%.
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