A record influx of stablecoins, totaling $2.1 billion over the last 24 hours, has hit Ethereum’s network. This surge was primarily driven by USDT and USDC, impacting liquidity in DeFi and prompting notable price movements. Market stability appears to be bolstered as exchanges such as Binance and Coinbase see significant deposit increases, while Ethereum itself saw a 1.6% price rise to close Q3 with an impressive 74% gain. Experts point to this influx being connected to recent interest rate cuts by the Federal Reserve. This latest development is expected to shape market dynamics, particularly within DeFi’s ecosystem. Tether CEO Paolo Ardoino notes USDT’s role in both centralized and decentralized finance as a key factor behind this surge. The future growth of Ethereum’s financial ecosystem remains promising, with stakeholders viewing stablecoins as crucial for fueling continued expansion.