In mid-October, the market capitalization of all the stablecoins in existence was $134 billion and during the last three weeks, the valuation has increased by 5.59% to $141.5 billion.
On October 13, 2021, the largest stablecoin market cap held by tether was $70.9 billion and it is now $73 billion.
Out of the top five stablecoins in terms of overall valuation, the stablecoin DAI, issued by Makerdao, rose the most with a 27.3% jump last month.
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