According to data from The Block Pro, the adjusted transaction volume on the stablecoin chain rose in August to $520.9 billion, an increase of about 6.8%, and it is also one of the few encryption indicators that has risen in the past month.
However, the issued stablecoin supply continued to shrink to $115.1 billion, a decrease of about 2.2%.
The US dollar stablecoin USDT market share continued to rise (up to 77.2%), with a supply of 82.9 billion US dollars, while USDC’s market share fell further to 21.1%.
However, after the adjustment of Bitcoin and Ethereum, the total transaction volume on the chain has decreased by 6.3%, falling to 176 billion US dollars, of which the transaction volume on the Bitcoin chain has decreased by 6.7%, but the transaction volume on the Ethereum chain has decreased by 5.7%.