Stablecoins Soar to New Heights with $46 Billion in Q3 Growth
In a remarkable turnaround, the stablecoin sector experienced its most significant quarterly growth on record, with net creations estimated between $45.6 billion and $46 billion in the third quarter of 2023. This represents an impressive 324% increase compared to the $10.8 billion reported during the second quarter and indicates a renewed influx of capital into the crypto market. This surge can be attributed to several key players in the stablecoin sphere. Tether’s USDt (USDT) accounted for approximately $19.6 billion in new issuances, firmly maintaining its leadership position. Following closely was Circle’s USDC, which saw a net increase of around $12.3












