According to BlockBeats, on November 3, according to DefiLlama data, the total market value of stablecoins increased by 0.38% in the past week, currently at $173.117 billion, close to the highest level since May 2022 (that is, $173.145 billion on October 6). Among them, the total market value of USDT increased by 0.3%, now at $120.441 billion, with a market share of 69.62%. This data shows that the market demand for stablecoins continues to rise, reflecting the gradual recovery of investors' confidence in the crypto market.