<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDcvNmE5OGM5ZTUtZGZmMS00YWU1LWFlNDUtYmVlYzIzMTY2YWE5LmpwZw==.jpg"></p><p>The market capitalization of stablecoins increased by 2.1% to $164 billion in July, the highest level since April 2022.</p>