Liquidity is strong, but why not #Uptrend ?
The stablecoin force is so strong, the total capitalization of USD-backed stablecoins reached $169 billion at the end of September, up 31% year-to-date.
This increase is mainly due to Tether's $USDT, which has seen significant growth in balances on CEX exchanges.
USDT (ERC20) balances on exchanges increased to 22.7 billion in October, marking a 54% increase of $8 billion since the beginning of the year.
CEX exchanges also hold about $8.5 billion USDT issued on the TRON network.
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In addition to ERC and TRC, Ripple has entered the stablecoin market with the launch of RLUSD. RLUSD has reached a market capitalization of $47 million and operates on both the XRP Ledger and Ethereum networks.
