According to a report released by CCData on November 27, the trading volume of stablecoins surged by 77.5% this month, reaching $1.81 trillion as of November 25. This growth is expected to help centralized exchanges set a new monthly trading volume record for the year. The report states that the total market value of stablecoins rose by 9.94% in November, reaching $190 billion, surpassing the historical high of $188 billion set in April 2022 before the collapse of TerraUSD. Despite the increase, the market dominance fell from 7.22% in October to 5.54% as investors and traders diversified their investments into Bitcoin (BTC) and altcoins.