PANews reported on November 3 that according to News.bitcoin, stablecoins grew slightly in October, with the market slightly rising from $172.337 billion to $172.892 billion, a month-on-month increase of 0.32%. The leading existence is Tether (USDT), with a market value of $120.522 billion, equivalent to 69.71% of the total value of stablecoins, and the supply of USDT increased by 0.7% month-on-month. USDC, which is in second place, has a market value of $34.629 billion, a month-on-month decrease of 1.9%. DAI experienced a 2.9% decline in October, with a market value of $4.887 billion. Ethena's USDE ranked fourth, with a market value of approximately $2.755 billion, up 8.7% month-on-month. At the same time, the fifth largest stablecoin FDUSD fell 10.78% month-on-month, with a market value of approximately $2.156 billion.
Stablecoin market grew by $555 million in October, with Tether (USDT) accounting for 69.71% of total market capitalization
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