cryptoupdate
Contributor
Tether's Supply Expands, Dominating Stablecoin Market
In October, Tether (USDT) expanded its supply by 1.9%, reaching a market cap of $84.98 billion. Tether accounts for over 27% of the $71.77 billion in total trades beyond 456 exchanges.Other stablecoins like USDC and DAI experienced reductions. While First Digital USD (FDUSD) saw a significant 45.1% supply increase, making it the eighth-largest stablecoin.
