Stablecoin Transactions Surge to $3 Trillion in August – Record Growth

The stablecoin market has set a new record, reaching a staggering $3 trillion in transaction volume during August, according to data from DefiLlama. This significant surge reflects the growing integration of these assets into global financial systems and their ability to thrive amidst volatile crypto markets. Notably, while Bitcoin experienced a 6.49% decline in value during the period, stablecoins saw explosive growth, expanding their market cap by over $17 billion.