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November saw the second-highest adjusted monthly stablecoin volume led by Tether
UPDATED: December 7, 2020, 11:06AM EST
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November was a notable month for stablecoin activity, network data shows.
According to data collected by The Block Research, the total amount for adjusted on-chain stablecoin volume reached $139.21 billion in November — almost $6 billion shy of the all-time high for such activity in September.
Tether (USDT) comprised the lion’s share of November’s volume, at 77%, followed by the USDC (16.8%) and Binance USD (4.5%).
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