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

Odaily Planet Daily Report: In October, the total market capitalization of stablecoins increased from $172.337 billion to $172.892 billion, a quarter-on-quarter increase of 0.32%. Among them, the market capitalization of reached $120.522 billion, ranking first and accounting for 69.71%. The supply of increased by 0.7% quarter-on-quarter. The second is , with a market capitalization of $34.629 billion, a quarter-on-quarter decrease of 1.9%. market capitalization decreased by 2.9%, with a market capitalization of $4.887 billion, ranking third. of Ethena ranks fourth, with a market capitalization of about $2.755 billion, a quarter-on-quarter increase of 8.7%. The fifth largest stablecoin decreased by 10.78% quarter-on-quarter, with a market capitalization of about $2.156 billion. (Bitcoin.com)