Stablecoin Market Expands Amid Regulatory Clarity

The stablecoin sector added 【$4 billion】 to its market capitalization in July, pushing the total value above $250 billion. This growth follows the U.S. GENIUS Act becoming law on July 18, establishing clear guidelines for stablecoin issuers. ——The legislation marks a pivotal moment for crypto adoption—— despite lacking provisions for interest payments that industry leaders like Coinbase's CEO had advocated.

Monthly active addresses for stablecoins jumped 20% to over 38 million, reflecting growing utility. Transaction volumes reached 【$7 trillion】 in Q1 2025 alone, demonstrating their expanding role in global finance. Sygnum's Fabian Dori noted the law enables "innovative payment solutions that could create entirely new financial services."

Bitcoin Exodus From Exceeds Accelerates

Exchange-held Bitcoin reserves fell another 2% in July, continuing a six-month decline that now totals 14%. For the first time since 2018, less than 【15%】 of circulating BTC remains on trading platforms. Analysts interpret this as investors moving toward long-term storage, potentially anticipating price appreciation.

Bybit CEO Ben Zhou observed, "The supply contraction on exchanges suggests traders expect significant volatility ahead." Crypto market analysts highlight the growing divergence between Bitcoin's price and available supply, with some predicting an imminent supply shock as demand outpaces accessible inventory.

Tokenized Assets Break $25B Barrier

The tokenized real-world asset (RWA) market surpassed 【$25 billion】 in value, gaining 2.6% during July. Tokenized stocks showed particular strength, climbing 15% to $400 million as platforms like Robinhood entered the space. However, legal uncertainties persist around equity tokens that don't confer ownership rights.

Binance's research team projects continued RWA growth, especially in private credit and Treasury debt instruments, which have driven the sector's 260% expansion this year. Regulatory clarity remains the critical factor for mainstream adoption, according to industry observers.

Regulatory Developments Shape Crypto Landscape

Three U.S. states advanced crypto legislation in July while Arizona's governor vetoed a bill to create a state-held crypto reserve. Globally, seven jurisdictions granted new licenses, including MiCA approvals for Bybit, OKX and CoinShares in Europe. Hong Kong finalized stablecoin rules, while Germany authorized a euro-pegged stablecoin from Deutsche Bank.

——The regulatory momentum underscores crypto's maturation—— with both Ripple and Circle now seeking U.S. banking licenses. These developments coincide with Bitcoin's exchange reserves hitting historic lows, painting a picture of an industry transitioning from speculative trading to institutional adoption.