Golden Finance reported that according to a report released by CCData on November 27, stablecoin trading volume increased significantly by 77.5% this month, rising to US$1.81 trillion as of November 25. This growth is expected to increase the monthly trading volume of centralized exchanges. Hitting a new yearly high. Continuing a 14-month upward trend, the total stablecoin market capitalization rose 9.94% to $190 billion in November, surpassing the all-time high of $188 billion set in April 2022 before the TerraUSD collapse, the report said. Despite the growth, market dominance fell to 5.54% from 7.22% in October as investors and traders increased their diversification into Bitcoin BTC and altcoins.