Stablecoin Supply Rebounds $121M for Week Ended July 12 as Perpetual Trading Volume Slows

BTC-3.38%

According to Lookonchain's on-chain weekly report for the week of July 6-12, stablecoin total supply increased by approximately $121 million, reversing previous declines. Decentralized exchange spot trading volumes saw modest recovery, though perpetual contract trading volumes continued to slow.

Meanwhile, seven companies collectively reduced their Bitcoin holdings by 909.3 BTC (approximately $56.96 million) during the week.

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