Stablecoin Volume Surges with $410B in Transfers in July 2024

Aug 25, 2024, 03:01 PM

Stablecoin peer-to-peer (P2P) volume has seen significant growth, with $410 billion in stablecoin transfer volume recorded in July 2024, marking a 36% increase year-over-year. This surge highlights the growing role of blockchains in enabling a new global financial system. Stablecoins are increasingly being used for transactions between individuals, indicating a shift towards digital currencies in everyday financial activities.