Ethereum Price As Stablecoin Volume Hits ATH of $2.82T Despite Struggling Crypto Market- Is a Recovery In Sight?

Ethereum price has remained under pressure, but stablecoin activity on its network surged to new highs in October. Ethereum-based stablecoins recorded a massive $2.82 trillion in on-chain trading volume, up 45% from September. This milestone marks the highest monthly volume ever reported. USDC emerged as the most traded, generating $1.62 trillion. USDT followed with $895.5

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