THE MARKET VALUE OF THE STABLE CURRENCY IS THREE MONTHS IN A ROW, AND THE NUMBER OF USDT TRANSACTIONS IS AT RECORD HIGH

According to a report released on 12 August by cryptorank, the total market value of the stable currency in July was approximately $308.3 billion, with a net outflow for the third consecutive month and a cumulative outflow of approximately $13.3 billion between May and July. However, the use of the chain is still growing, with USDT trading at an all-time high of 861.4 million in July, while USDC transfers amounting to about $3.6 trillion, more than twice the USDT of about $1.4 trillion. At the same time, for the first time, the monthly maximum value of a stable currency payment card exceeded $1 billion, to approximately $1,084 million, with an increase of 15.9 per cent in the ring in July and some $244 million in financing for the payment track, the second highest in encrypted VC financing。