{"id":492624,"date":"2025-08-05T18:04:52","date_gmt":"2025-08-05T17:04:52","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=492624"},"modified":"2025-08-05T18:05:22","modified_gmt":"2025-08-05T17:05:22","slug":"us-genius-act-sparks-stablecoin-boom-with-record-1-5-trillion-transaction-volume-in-july","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/us-genius-act-sparks-stablecoin-boom-with-record-1-5-trillion-transaction-volume-in-july\/","title":{"rendered":"US GENIUS Act sparks stablecoin boom with record $1.5 trillion transaction volume in July"},"content":{"rendered":"<p>The total on-chain stablecoin transaction volume surged to a new all-time high of $1.5 trillion in July, marking a significant milestone in the sector.<\/p>\n<p>According to Sentora's (formerly IntoTheBlock) <a href=\"https:\/\/x.com\/SentoraHQ\/status\/1952660202081145337\">data<\/a>, this figure represents a sharp increase from the $1.26 trillion processed in June and surpasses the previous high seen in August 2024, when volumes topped $1.4 trillion.<\/p>\n<figure id=\"attachment_492654\" aria-describedby=\"caption-attachment-492654\" style=\"width: 1569px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-492654\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/08\/Gxk9pSwXQAAsZsH.png\" alt=\"Stablecoins on-chain volume\" width=\"1569\" height=\"448\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/08\/Gxk9pSwXQAAsZsH.png 1569w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/08\/Gxk9pSwXQAAsZsH-300x86.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/08\/Gxk9pSwXQAAsZsH-1024x292.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/08\/Gxk9pSwXQAAsZsH-768x219.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/08\/Gxk9pSwXQAAsZsH-1536x439.png 1536w\" sizes=\"(max-width: 1569px) 100vw, 1569px\" \/><figcaption id=\"caption-attachment-492654\" class=\"wp-caption-text\">Chart Showing Stablecoins On-chain Volume From 2018 (Source: Sentora)<\/figcaption><\/figure>\n<p>Meanwhile, a closer look at the July numbers revealed that <a href=\"https:\/\/cryptoslate.com\/coins\/usd-coin\/\">Circle's USDC<\/a> dominated the stablecoin market, accounting for nearly 50% of the total volume. USDC transactions reached approximately $748 billion in July.<\/p>\n<p>Meanwhile, <a href=\"https:\/\/cryptoslate.com\/coins\/tether\/\">Tether's USDT<\/a>, the largest stablecoin by circulating supply, followed with a volume of $420 billion. The decentralized <a href=\"https:\/\/cryptoslate.com\/coins\/multi-collateral-dai\/\">DAI<\/a> stablecoin secured the third spot with $261 billion in transactions.<\/p>\n<h2><strong>Why stablecoin volume rose in July<\/strong><\/h2>\n<p>The remarkable increase in stablecoins' on-chain volume can be attributed to several factors, including <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> and <a href=\"https:\/\/cryptoslate.com\/glossary\/ethereum\/\">Ethereum's<\/a> record performances in July.<\/p>\n<p>Last month, <a href=\"https:\/\/cryptoslate.com\/bitcoin-has-not-reached-a-new-all-time-high-in-euros-and-pounds-amid-118k-breakout\/\">Bitcoin price rose<\/a> to a new all-time high of over $123,000 while <a href=\"https:\/\/cryptoslate.com\/stanchart-revises-ethereums-2025-projection-to-4000-warns-of-value-destruction-caused-by-l2s\/\">ETH's price also approached the $4000 threshold.<\/a><\/p>\n<p>The price performance of these assets sparked significant on-chain activity from investors, who invested their profits in non-volatile digital assets like USDT and USDC.<\/p>\n<p>In addition, the stablecoin industry saw the approval of its first major bill in the US, which helped clear the regulatory uncertainty in the sector.<\/p>\n<p>The <a href=\"https:\/\/cryptoslate.com\/trump-signs-genius-act-into-law-activating-americas-first-regulatory-framework-for-stablecoins\/\">GENIUS Act, signed into law on July 19,<\/a> established clear guidelines for stablecoins and digital asset-backed financial products. The new regulations include reserve requirements and oversight by the Federal Reserve, which are likely to foster greater trust and stability in the sector.<\/p>\n<p>As a result, <a href=\"https:\/\/cryptoslate.com\/genius-act-makes-immediate-impact-as-jp-morgan-looks-to-allow-crypto-as-collateral-for-lending\/\">prominent financial institutions like JPMorgan<\/a> and other <a href=\"https:\/\/cryptoslate.com\/metas-stablecoin-plans-face-scrutiny-from-us-senators-warren-and-blumenthal\/\">top global companies like Meta<\/a> have been exploring the use of stablecoins for cross-border transactions and other financial services, which further legitimizes the market.<\/p>\n<p>With this clearer regulatory backdrop and surging adoption, stablecoin market capitalization has climbed past $278 billion, according to <em>CryptoSlate's<\/em> data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total on-chain stablecoin transaction volume surged to a new all-time high of $1.5 trillion in July, marking a significant milestone in the sector. According to Sentora&#8217;s (formerly IntoTheBlock) data, this figure represents a sharp increase from the $1.26 trillion processed in June and surpasses the previous high seen in August 2024, when volumes topped [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":492649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77968,79915,11,32631,76736],"tags":[80250,76988,76896,77046,76824],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US GENIUS Act sparks stablecoin boom with record $1.5 trillion transaction volume in July<\/title>\n<meta name=\"description\" content=\"GENIUS Act clarifies stablecoin regulations, sparking $1.5 trillion in on-chain activity and USDC dominance in July.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/us-genius-act-sparks-stablecoin-boom-with-record-1-5-trillion-transaction-volume-in-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US GENIUS Act sparks stablecoin boom with record $1.5 trillion transaction volume in July\" \/>\n<meta property=\"og:description\" content=\"GENIUS Act clarifies stablecoin regulations, sparking $1.5 trillion in on-chain activity and USDC dominance in July.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/us-genius-act-sparks-stablecoin-boom-with-record-1-5-trillion-transaction-volume-in-july\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-05T17:04:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-05T17:05:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/08\/genius-stablecoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/us-genius-act-sparks-stablecoin-boom-with-record-1-5-trillion-transaction-volume-in-july\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/us-genius-act-sparks-stablecoin-boom-with-record-1-5-trillion-transaction-volume-in-july\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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