Ethereum Stablecoin Volume Breaks Record at $2.82 Trillion in October

Despite a slowdown in the broader cryptocurrency market during October, investors shifted their focus towards strategies that could still generate returns. This shift led to an increase in stablecoin activity, particularly on Ethereum, where transaction volumes reached record levels. The surge in stablecoin activity was driven by the need for liquidity and yield-generating opportunities as the market cooled off.