The stablecoin market increased by 555 million US dollars in October, with Tether (USDT) accounting for 69.71% of the total market value

According to News.bitcoin, the stablecoin market saw a slight increase in October, rising from $172.337 billion to $172.892 billion, an increase of 0.32%. The leading entity is Tether (USDT), with a market value of up to $120.522 billion, accounting for 69.71% of the total value of stablecoins; USDT's supply increased by 0.7% month-on-month. In second place is USDC with a market capitalization of $34.629 billion, down 1.9% month-on-month. DAI experienced a decrease of 2.9% in October, reaching a market value of $4.887 billion dollars . Ethena's USDE ranked fourth with a market cap around $2.755 billion dollars , up by 8 .7 % on monthly basis . Meanwhile , the fifth largest stable coin FDUSD fell by10 .78 % month -on- month ,with its valuation approximately at$2 .156billion dollars.