đ„ Ethereum Stablecoin Transactions Hit an All-Time High â $2.82 Trillion in October! đ°đ„
The Ethereum network just hit a record-breaking milestone in October â stablecoin transaction volume surged to $2.82 trillion, the highest level ever seen! đ
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This massive jump was fueled by investors chasing better yield opportunities amid a slower crypto market. đâĄïžđž
đ Compared to Septemberâs record of $1.94 trillion, October saw a 45% month-over-month surge â a huge sign of renewed market activity!
đ„ USDC (Circle) took the crown with $1.62 trillion in transfers.
đ„ USDT (Tether) followed with $895.5 billion.
đ„ DAI (MakerDAO) landed third at $136 billion in volume.
đ According to Presto Research analyst Min Jung, investor interest in stablecoins has skyrocketed since Circleâs IPO and the approval of the Genius Act. Yield farming â especially through liquid yield tokens â has become hotter than ever. đŸđ§
During a period when Bitcoin and Ethereum prices dropped 11.5% and 16.4% respectively, many traders parked their funds in stablecoins to manage liquidity and prepare for new opportunities. đŒđȘ
đŹ Vincent Liu, CIO of Kronos Research, noted that stablecoins are increasingly being used as strategic tools rather than just a safe haven.
Experts believe this historic surge shows that the stablecoin ecosystem is maturing â shifting beyond speculation into real-world use cases like payments and cross-border transfers. đđłâš #USDT #USDC
