The global stablecoin market capitalization hit a record $190 billion in November, marking a 9.94% growth from the previous month and the highest increase since November 2021. TetherUSD (USDT) maintained its dominance with a 10.5% rise to $133 billion, while Circle’s USD Coin (USDC) and Ethena Labs’ USDe also saw significant growth. Despite some stablecoins facing challenges, the market remains diverse and competitive. Euro-denominated stablecoins are gaining traction, although they experienced a slight drop in market cap. Trading volumes for stablecoins surged in November, with USDT leading the way. Regulatory clarity in the US and Europe is expected to boost adoption and legitimacy of stablecoins. As the sector expands into new use cases like cross-border payments, it is poised for continued growth and a key role in the future of digital finance. Read more AI-generated news on: https://app.chaingpt.org/news

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