Stablecoin Market Cap Declines to $308.3B in July, Down 1% as Outflows Extend Third Month
According to CryptoRank Research, stablecoin market cap fell to approximately $308.3 billion in July, down 1% from June. The market has remained within the $300 billion to $320 billion range for 10 consecutive months. From May through July, the sector experienced cumulative outflows of approximately $13.3 billion, marking the longest period of sustained stablecoin net outflows since 2022-2023. USTE and USDC usage patterns continued to diverge. USDT on-chain transactions hit a record 861.4 millio