In October, the market value of stablecoins increased by US$555 million, a month-on-month increase of 0.32%.

Odaily News In October, the market value of stablecoins rose from $172.337 billion to $172.892 billion, a month-on-month increase of 0.32%. Among them, USDT ranked first with a market value of $120.522 billion, accounting for 69.71%, and the supply of USDT increased by 0.7% month-on-month; followed by USDC, with a market value of $34.629 billion, a month-on-month decrease of 1.9%; DAI's market value fell by 2.9%, with a market value of $4.887 billion, ranking third. Ethena's USDe ranked fourth, with a market value of approximately $2.755 billion, up 8.7% month-on-month; the fifth largest stablecoin FDUSD fell by 10.78% month-on-month, with a market value of approximately $2.156 billion. (Bitcoin.com)