Data: In August, the on-chain trading volume of stablecoins increased by 32.9% month-on-month, possibly influenced by the sanctions on Tornado Cash

According to ChainCatcher news and data from The Block Research, the on-chain transaction volume of stablecoins in August increased by 32.9% month-over-month, rising from $655.2 billion (in July) to $866.2 billion, setting a new historical high.

The Block Research indicated that this situation may be related to the U.S. Treasury's sanctions on Tornado Cash. (Source link)