According to CoinMeta, based on an early research report on in, the total market value of stablecoins in July was approximately $308.3 billion, with a cumulative outflow of about $13.3 billion from May to July. In July, the number of transactions on the USDT chain reached 861.4 million, while the number of transactions on USDC decreased to 656.7 million. In terms of on-chain transfer amounts, USDC led with about $3.6 trillion, compared to $1.4 trillion for USDT. In July, the amount recharged to payment cards using stablecoins reached $1.084 billion, with USDC showing a month-on-month increase of 46% and USDT a month-on-month increase of 7%. The financing in the payment sector in July amounted to about $244 million.