Ethereum Stablecoins Hit $2.8 Trillion in One Month – Here's Why Whales Are Buying

In October, stablecoin transaction volumes increased by 45% to $2.8 trillion, up from the record of $1.94 trillion in ￰0￱ surge comes as large-scale investors continue accumulating Ethereum-based stablecoins amid volatile market ￰1￱ market capitalization of Ethereum stablecoins has increased by a record 1.36% weekly, surpassing $165 billion. Tether's USDT leads with 85.88 billion tokens circulating on Ethereum , experiencing a monthly growth rate of 8.12%. Circle's USDC comes next, with 48.2 billion tokens in circulation, which increased by 5.79% during the same ￰2￱ transfer volume on Ethereum,