According to a recent CCData report, the global stablecoin market value reached a record $190 billion in November, surpassing the previous record of $188 billion in April 2022.

 The sector experienced a strong growth of 9.94% from October, which was the highest monthly increase since November 2021.

 Tether (USDT) rose 10.5% to $133 billion, accounting for 69.9% of the total market.  USDC also reached 38.9 billion dollars with a growth of 12.1%.

 The trading volume of stablecoins in centralized exchanges reached 1.81 trillion dollars with an increase of 77.5% compared to the previous month.

 Analysts attribute this rise to greater confidence in stablecoins as reliable assets for trading and hedging in the volatile cryptocurrency market.

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