Golden Finance reported that, according to a report released by CCData on November 27, this month's stablecoin trading volume surged by 77.5%, reaching $1.81 trillion as of November 25. This growth is expected to set a new annual high for monthly trading volume on centralized exchanges. The report states that the total market value of stablecoins rose by 9.94% in November, continuing a 14-month upward trend, 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 declined from 7.22% in October to 5.54% as investors and traders diversified their investments into Bitcoin (BTC) and altcoins.