**Crypto Comedy: Stablecoins Surge Amid New EU Rules!**
- Circle's USD Coin (USDC) hit the gym in July, bulking up trading volume to $135 billion and flexing a 5.4% market cap increase to $33.6 billion. 💪
- Thanks to the EU’s new MiCA regulations, Circle became the first stablecoin issuer to get the green light from European regulators on July 1.
- Meanwhile, Tether (USDT) played it cool, growing its market cap by 1.6% to $114 billion, marking 11 straight months of gains. USDT still reigns supreme with nearly 70% market share.
- Overall, stablecoins saw a 2.1% market cap boost in July, reaching $164 billion, the highest since April 2022. But centralized exchange trading volumes dipped 8.4% to $795 billion.
Stay tuned for more crypto capers!