Stablecoin Liquidity Climbs to Record Level Despite Ongoing Crypto Tumble
While most of the crypto market is still struggling to recover from the weekend’s major downturn, stablecoins are quietly reaching new highs. Data from DefiLlama shows that as of October 13, the total amount of stablecoins in circulation has grown to $304 billion, setting an all-time record. That’s roughly 1% higher than last week and almost a 50% jump since the beginning of the year, when supply hovered at $200 billion. Tether (USDT) remains the market leader, holding more than half of all stablecoins in circulation with approximately $180 billion. USDC comes next at $75 billion, while Ethena’s USDe has…





