The total stablecoin market capitalization rose 1.19% in August to $311 billion, marking its first monthly increase after three consecutive months of declines, CoinDesk Research reported.
Stablecoins’ share of the broader digital asset market fell to 11.2% from 13.6% as overall crypto markets grew faster. Euro stablecoin market capitalization climbed 6.0% to a record $776 million, up 68.2% year over year. On-chain real-world asset market value increased 4.1% to $34.7 billion, while tokenized stocks and equity assets rose 11.3% to $4.45 billion.
Stablecoin Market Cap Returns to Growth in August, Reaches $311 Billion
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