According to a report published by CCData on November 27, stablecoin trading volume rose sharply by 77.5% this month, reaching $1.81 trillion as of November 25. This increase is expected to bring the monthly trading volume of centralized exchanges to a new high for the year.
Continuing a 14-month upward trend, the total stablecoin market cap rose 9.94% to $190 billion in November, surpassing the all-time high of $188 billion set in April 2022 before the TerraUSD crash, the report said. Despite the growth, market dominance fell to 5.54% from 7.22% in October as investors and traders increased diversification into bitcoin BTC and counterfeit products.
Stablecoin trading volume surges to $1.80 trillion in November
2024-11-27 20:56:42
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
