CryptoQuant data reveals that crypto market liquidity has reached unprecedented levels, with the total market capitalization of major USD-backed stablecoins hitting $169 billion in late September—a 31% increase year-to-date. This surge is primarily driven by Tether’s USDT, which has seen significant growth in balances on centralized exchanges. USDT (ERC20 on Ethereum) balances on exchanges rose […]
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Tether fuels market liquidity surge as stablecoins reach $169 billion